What’s been happening at Keller Postman UK in August 2022?

In July 2022, Keller Postman UK began to raise awareness of a number of schemes, investments & providers that have already been accused of pension mis-selling. In August, we added to this list by highlighting failures at: 

• Beaufort Securities. A discretionary fund manager and stockbroker, Beaufort Securities Limited sold multiple pension products, including SIPPs. Despite being in administration, there are still hundreds of investors registering complaints about this firm.
• Carey Pensions. A provider of SIPPs, the company advised thousands of people in the UK to invest in unsuitable schemes, leaving them out of pocket and short on their pensions.
• Gaudi. If you were mis-sold a Gaudi pension, this could be because the financial service or products in question were unsuitable or because a financial advisor or provider put you under undue pressure to invest in a Gaudi SIPP scheme.
• Harlequin Properties. The FSCS has paid out more than £98 million in compensation for mis-sold Harlequin Properties claims.
• Hartley Pensions. The Financial Conduct Authority (FCA) has highlighted serious operational and regulatory issues at Hartley Pensions Limited, and many investors have gone online to lament the loss or erosion of their pensions at the hand of the SIPP provider.
• Heritage. Even though Heritage has entered into liquidation, you can still claim compensation of up to £85,000.
• Montpelier. During 2009 – 2011, 40% of SIPP investments made by Montpelier were non-standard (higher risk investments). In October 2010, a supervisory visit discovered that the company was not following the proper guidelines.
• The Resort Group. In 2016, a BBC Panorama programme highlighted the issue when it showed unregulated financial advisors promising a 10% return after a year of investment into the Cape Verde scheme.