WR Simon Ashley Silver Independent Financial Advisor Ltd scandal: What you need to know

If WR Simon Ashley Silver Independent Financial Advisor Ltd (we’ll call them WR Simon going forward) left you out of pocket, you’re definitely not the only one. Their collapse has left loads of people wondering what happened to their pensions and investments – and worrying about what to do next.

Here’s the upside: you might be owed compensation. Whether you’re frustrated with bad advice or stressed about your future plans, we’re here to help. Payouts are reaching £355,000, so now’s the time to get things moving.

We’ll walk you through what went wrong and how you can get back what’s yours – without any hassle or confusing jargon.

This guide covers:

• Who was WR Simon Ashley Silver Independent Financial Advisor Ltd?
• Timeline of events leading to their failure
• Signs you might have been mis-sold a pension
• How to start your claim for compensation

Who was WR Simon?

WR Simon was a financial advisory firm regulated by the Financial Conduct Authority (FCA). It offered services such as pension advice, financial planning, and investment opportunities. At first, it seemed trustworthy, but things soon changed.

Complaints began piling up from clients who felt they were pushed into high-risk investments that didn’t fit their needs or risk tolerance. In the end, the firm’s failure left many clients out of pocket, searching for answers, and wondering what happened to their money.

Timeline of events leading to WR Simon’s failure

• Early 2020s – The firm built a client base across the UK, offering pension and investment advice.
• 2023 – Reports of poor advice and risky investment recommendations began to surface.
• 2024 – The firm stopped trading, leaving clients with financial losses and no clear answers.

Why did WR Simon collapse?

Many clients trusted WR Simon for sound financial advice, but reports reveal some concerning practices, such as:

• Clients being pressured into transferring their pensions into high-risk schemes.
• The fees and risks associated with these investments not being clearly explained.
• High-pressure sales tactics being used to encourage clients to make snap decisions.
• Promises of impressive returns that never came true, leaving clients with major losses.

This eventually led to their collapse. If any of this sounds familiar, you might’ve been mis-sold, and may be eligible for compensation.

How do I know I’ve been mis-sold on my pension?

Wondering if you’ve been mis-sold your pension? Ask yourself these questions:

• Were you advised to transfer your pension into a Self-Invested Personal Pension (SIPP) or another high-risk scheme?
• Did you feel rushed or pressured to make a quick decision?
• Has your pension dropped in value or failed to grow as promised?

If you answered “yes” to any of these, you might have a valid compensation claim.

Need help with your claim?

The Financial Services Compensation Scheme (FSCS) is processing claims against WR Simon. You can file a claim directly, but the process can be a real time-sink. That’s where Spencer Churchill Claims Advice comes in.

We can help with:

• Mis-sold pensions – Recovering losses caused by unsuitable advice.
• Mis-sold SIPPs – Supporting clients misled into high-risk schemes.
• Mis-sold pension transfers – Helping victims of bad advice get back their hard-earned savings.
• Mis-sold investments and mis-sold bonds – Helping clients in taking back control of their finances.

What will we do for you?

Our team of experts will:

• Review your case – We’ll take a close look at your situation to see if you have a valid claim.
• Handle the paperwork – From collecting evidence to submitting forms, we’ll manage everything.
• File your claim – We’ll work with the FSCS and any other relevant bodies on your behalf, fighting for the compensation you deserve.
• Make the most of your payout – We can’t guarantee any results, but we promise to do everything we can to get the best possible outcome for your claim.

Take action today with Spencer Churchill Claims Advice

Don’t let bad financial advice derail your future. Act now to take back what you’ve lost. Get in touch with Spencer Churchill Claims Advice today for a free, no-obligation chat – we’re here to help every step of the way.