PH7 Wealth Management Ltd scandal: What you need to know

When PH7 Wealth Management (formerly The Pension Place Ltd) closed its doors in April 2024, many of their customers were left in limbo, unsure about the future of their pensions and investments. If you trusted them with your money and lost out, you’re not the only one.

Fortunately, you could be owed big in compensation. With payouts reaching the hundreds of thousands, there’s a very real chance your money is not lost forever. And the best part? We’ll handle the entire process for you – keeping things simple and stress-free.

Your savings are worth fighting for, so get started today with Spencer Churchill Claims Advice.

This guide covers:

• Who was PH7 Wealth Management Ltd?
• Timeline of events leading to PH7’s failure
• What happened with PH7 Wealth Management Ltd?
• How do you know if you’ve been mis-sold?
• How to start your claim for compensation

Who was PH7 Wealth Management Ltd?

PH7 Wealth Management was an FCA-regulated financial advisor (FRN: 842598) that offered financial services like pension advice, investment planning, and insurance.

Despite all this, they faced growing criticism for poor financial advice and mis-sold pensions. Many people reported being steered towards investments that didn’t work for them and their risk tolerances.

In April 2024, PH7 closed its doors and left many customers unsure about their financial future. If you were one of those people, there’s still time to recover your losses.

Timeline of events leading to PH7’s failure

Here’s a quick look at how things unfolded before PH7 Wealth Management Ltd shut down for good.

• 2010s – PH7 Wealth Management Ltd started offering financial advice to clients across the UK.
• 2023 – Complaints started pouring in about poor pension advice and investment recommendations.
• 12 April 2024 – The firm closed its doors and left clients facing financial losses and plenty of unanswered questions.

What happened with PH7 Wealth Management Ltd?

Many people turned to PH7 for trusted financial advice but were just left out of pocket. Common issues from clients included:

• Recommendations to transfer pensions into high-risk, unsuitable investments.
• Lack of transparency about fees, charges, and potential risks.
• Pressure to make quick decisions without enough time to understand their options.
• Promises of big returns that never came about.

How do you know if you’ve been mis-sold?

Not sure if you’ve been mis-sold on your pension? Ask yourself:

• Were you advised to transfer your pension into a Self-Invested Personal Pension (SIPP) or another high-risk scheme?
• Did they fully explain the risks and fees involved?
• Did you feel pressured to decide quickly?
• Has your pension lost value or failed to grow as promised?

If any of these apply to you, you could have a valid claim for compensation. Get in touch now!

How to start your claim for compensation

If you’ve lost money through PH7, the Financial Services Compensation Scheme (FSCS) could help you recover what you lost. But filing a claim alone isn’t easy – the paperwork alone can be time-consuming and confusing.

That’s why you need help from an expert claims advisor like Spencer Churchill Claims Advice. We will handle the entire claims process for you, saving you time and stress and getting you the compensation you deserve.

So why go it alone? Let us take care of things so you can focus on moving forward.

How we can help

Here’s how our team has your back:

• Review your case – We’ll take a look at your situation and see if you’ve got a solid claim.
• Handle the paperwork – From gathering evidence to submitting forms, we’ll sort it all for you.
• File your claim – We’ll deal with the FSCS or any other relevant bodies on your behalf.
• Fight for your money – Our aim is to get you the best outcome for your claim.

Getting the best outcome for you

We’re here to help you recover as much as possible. Our areas of expertise include:

• Mis-sold pensions – Helping people reclaim losses from bad advice.
• Mis-sold SIPPs – Supporting those pushed into risky schemes
• Mis-sold pension transfers – Helping clients who were given poor advice to get their savings.
• Mis-sold investments and mis-sold bonds – Helping you take back control of your money.

Take action today with Spencer Churchill Claims Advice

Bad financial advice doesn’t have to ruin your retirement. Acting now could help you recover what you’ve lost and bring you some peace of mind. Contact the team at Spencer Churchill Claims Advice today for a free, no-strings consultation.