Financial Page Ltd and mis-sold pensions
Financial Page Ltd, often called Andrew Page after its principal operator, is now in liquidation.
We know from experience that Financial Page Ltd gave many people advice over their pensions, persuading many to invest in a SIPP, and make high-risk investments, usually in property bonds.
Not everyone is suitable for such high-risk investments like the AIGO Funds or the Hennessy Jones bonds, and many have begin to claim back for having been mis-sold by Financial Page.
Can you do the same?
Get started nowAndrew Page Financial Advisor
Financial Page Ltd often traded by the name of it’s owner: Andrew Page.
Several financial advisers including Financial Page Ltd 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.
If you:
- Transferred your pension to a SIPP
- Made high-risk investments such as the AIGO Funds
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Andrew Page: FCA action and media reaction
Financial Page drew media attention back in 2016 along with 2 other financial advisers because the FCA had revoked their ability to advise on some aspects of pensions.
In the case of Andrew Page, the firm was no-longer allowed to work with Hennessy Jones either.
Financial Page Ltd timeline
2011 - Company formed
2014 - Hennessy Jones AR
Hennessy Jones Limited was an appointed representative of Financial Page Ltd from 11/9/2014 to 02/07/2015.
HJL was also an AR of Henderson Carter Associates – another financial adviser that went into insolvency proceedings after mis-selling SIPP investments.
2016 - FCA Restrictions
By 2016, the FCA had caught on to the potential mis-selling of some property bonds, including AIGO, and Financial Page was ordered to stop dealing in pension switches/transfers to SIPPs, ESPECIALLY if they featured the high-risk AIGO funds.
Financial Page Ltd went into administration and stopped trading in July 2016.
2017 - Move to Liquidation
2018 - Compensation Bill
By Feb 2018, the FSCS had paid out for 215 claims relating to Financial Page Ltd, and had another 35 to go.
2019 - Claims continue
If you transferred your pension with Andrew Page financial Adviser, you may be able to make a claim on a No Win – No Fee* basis. It all starts with a FREE initial assessment with one of our case handlers. Just fill in one of our callback forms to proceed!
Why SIPPs?
SIPPs can be a great way to save for retirement for suitable people, giving them a greater range of investment opportunities.
However, what we know is that Financial Page Ltd often gave unsuitable advice over SIPPs, green-lighting transfers to SIPPs filled with high-risk investments that were often not suitable for the clients.
SIPP mis-selling has been a huge problem over the past decade, with thousands of people being mis-sold and often not discovering it until years later.
Don’t delay – get your pension advice checked for mis-selling: you could be able to make a claim on a No Win – No Fee* basis.
Get started nowRelated to Financial Page Ltd
Financial Page Ltd FAQ's
Are Financial Page Ltd and Andrew Page the financial adviser the same thing?
Andrew Page was the name of the financial adviser who operated Financial Page Ltd. Andrew Page was also a trading name of the firm.
What is Guinness Mahon?
Guinness Mahon is a SIPP Provider. Like many SIPPs they can hold a wide range of investments, including high-risk ones. In some cases, Financial Page’s advice led to clients moving to a Guinness Mahon SIPP and investing in the AIGO funds.
What are the AIGO funds?
The AIGO funds are a set of non-FCA regulated high-risk investments, including AIGO Commercial, AIGO UK Residential Property, AIGO Equity Funds and more.
Due to their high-risk nature, they are not considered to be suitable for many investors, and financial advisers should have considered their client’s risk profiles to ensure the investment was suitable for recommending a transfer.
