Like many financial advice firms, Demontfort Wealth Management Ltd advised on pension transfers, but unlike all IFAs, Demontfort was held to account by the Financial Ombudsman for unsuitable advice when they suggested to a MR G that he move his pension to a SIPP to invest in high-risk and unregulated investment, Sustainable AgroEnergy.
Now, they’re no longer authorised by the Financial Conduct Authority, and cannot conduct regulated activities such as advice on pension transfers.
Did you take pension advice from Demontfort Wealth Management? Have you checked to see if you can make a SIPP claim?Get started now
Several financial advisers and the FSCS have been paying out compensation for mis-selling 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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March 2013 saw the beginning of the end for Sustainable Agroenergy – an investment sold by Demontfort as well as other financial advisers
Mr G’s complaint was upheld in November 2015, but referred to advice Demontfort gave him back in 2009.
Finally, in May 2018, the liquidation finished and Demontfort was gone.