If Chadkirk Wealth Management Limited gave you pension advice, they had a duty to act in your best interests, ensuring that they follow the FCA’s rules about suitability to make sure you’re not put at more risk than you’re comfortable with, and that the pension arrangement they are recommending is right for you.
But over the last 6 or 7 years, there’s been a huge increase in cases of mis-sold pensions, and often this involves moving pensions into SIPPs and investing in non-standard products – HIGH-RISK by nature, and more than some people can afford.
Dissolved in 2016 a no-longer holding FCA authorisation to advise on pensions, Chadkirk Wealth Management has certainly mis-sold before… did they handle YOUR pension transfer with the care it deserved?
In August 2018, Chadkirk Wealth Management was declared in default with the FSCS. This is done when the FSCS knows there may be a basis for claims against the firm, and has assessed the company to see if they can pay those claims. The FSCS decided Chadkirk couldn’t and therefore will now consider paying claims on their behalf.Get started now
Several financial advisers including Chadkirk Wealth Management, and the FSCS have been paying out compensation for having been mis-sold high-risk investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Just less than two years later, Chadkirk Wealth Management was dissolved.
The FOS published decision DRN3080222, in which it details the complaint of ‘Mrs H’. Chadkirk Wealth Management transferred her pension into a Self-Invested Personal Pension (SIPP) and then invested in a unregulated (and high-risk) bond through a fund manager.
The Ombudsman sided with Mrs H, and Chadkirk Wealth Management was supposed to pay her compensation.