Strategic Wealth UK Ltd stopping business didn’t go completely unnoticed either, as articles sprang up in the financial press about how the Financial Services bosses at the FCA had told Strategic Wealth to “cease all pensions business” and undertake a “skilled person review”, something the FCA can order if they have concerns over potential issues.
If you took advice from Strategic Wealth UK Ltd, you can have that advice checked for mis-selling by our team of specialist mis-sold pension claim assessors for FREE with our initial assessment service.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.
This may include claims for advice given by Strategic Wealth Management.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Strategic Wealth is known to have dealt in pensions, often transferring people’s pensions to QROPS schemes based outside of the UK such as the Isle Of Man. QROPs schemes are designed for people who are leaving the UK and wish to retire abroad, taking their pension with them. They can sometimes be abused by financial advisers who neglect the original purpose and instead use them as a vehicle to sell high-risk investments that pay them larger commissions.
They were also the principal firm of Synergy Wealth Ltd, their Appointed Representative.
If you dealt with Synergy or Strategic about your pension, we’re happy to give you a FREE Initial Assessment to see if you can make a claim.
In 2017, Strategic Wealth UK Ltd was told by the FCA to cease all pensions business, and conduct a Skilled Person review. The media picked up on it.
With their ability to conduct pension business hampered, Strategic Wealth UK went into a Creditors Voluntary Liquidation in December 2017.