A W Dallas Financial Services Limited
A W Dallas Financial Services Ltd (FRN: 481208), trading as Portfolio Pension Consultancy, acquired the client book from S&M Hughes Ltd (formerly Crescent Financial). The firm entered liquidation on November 19, 2021.
The collapse of the company came after numerous complaints were filed against A. W. Dallas in relation to the transfer of defined benefit pensions.
Poor Advice
When the company took over the clients of Crescent Financial, the contract stated that it wouldn’t take on their liabilities for any unsuitable advice that may have been given.
Crescent Financial was responsible for operating a revolving door policy, in that clients were given invitations to meet independent financial advisors (IFAs) in order to talk through transferring their pension, with the previous client holding the door for the next one coming in.
After the company received a large number of complaints from clients, A. W. Dallas was rendered insolvent and went into liquidation.
Anyone who had dealings with the company and transferred their pension may have been given advice that wasn’t suitable. Where this is the case, it is important to have your transaction reviewed.
Seek Claims Advice
We offer an expert pension consulting service. One of our experts will be able to talk through your options and tell you what is the best option for you. If you do decide to use our services then know that our fees are very reasonable. However, you need to act fast as there may be time-barring restrictions in place.
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
Company background (public record)
The company was incorporated at Companies House on 6 March 2008 under company number 06525684. Its status at Companies House is recorded as liquidation.
Registered office: Menzies Llp 5th Floor, Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY.
Nature of business (SIC): 64999.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 06 Mar 2008 | Company incorporated | Companies House |
| 06 Mar 2008 | Judith Ann Dallas appointed secretary | Companies House |
| 06 Mar 2008 | Andrew William Dallas appointed director | Companies House |
| 06 Mar 2008 | Judith Ann Dallas appointed director | Companies House |
| 02 Jun 2008 | Andrew William Dallas approved by the FCA at the firm | FCA Register |
| 02 Jun 2008 | Judith Ann Dallas approved by the FCA at the firm | FCA Register |
| 26 Jun 2017 | Stuart John Davis approved by the FCA at the firm | FCA Register |
| 27 Jun 2017 | Gareth William Jones appointed director | Companies House |
| 27 Jun 2017 | Christian Roche appointed director | Companies House |
| 27 Jun 2017 | Judith Ann Dallas resigned as secretary | Companies House |
| 27 Jun 2017 | Andrew William Dallas resigned as director | Companies House |
| 27 Jun 2017 | Judith Ann Dallas resigned as director | Companies House |
| 29 Jun 2017 | Gareth William Jones appointed secretary | Companies House |
| 30 Jun 2017 | Gareth William Jones approved by the FCA at the firm | FCA Register |
| 18 Jul 2017 | Christian Roche approved by the FCA at the firm | FCA Register |
| 13 Jun 2019 | Paul Ashley David Lockwood approved by the FCA at the firm | FCA Register |
| 03 Sep 2021 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 03 Sep 2021 | Insolvency practitioner appointed: Rachel Helen Lai | Companies House |
| 03 Sep 2021 | Insolvency practitioner appointed: John Dean Cullen | Companies House |
| 19 Nov 2021 | Declared in default by the FSCS | FSCS |
| 24 Aug 2022 | FCA status recorded as: No longer authorised | FCA Register |
Who was involved?
The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.
- Gareth William Jones. Listed on the FCA Register as having held CF11 Money Laundering Reporting (30/06/2017 to 08/12/2019), CF10 Compliance Oversight (30/06/2017 to 08/12/2019), CF1 Director (30/06/2017 to 08/12/2019), SMF17 Money Laundering Reporting Officer (MLRO) (09/12/2019 to 24/08/2022) at the firm.
- Paul Ashley David Lockwood. Listed on the FCA Register as having held CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), CF30 Customer (13/06/2019 to 08/12/2019), [FCA CF] Client dealing (10/12/2019 to 24/08/2022) at the firm.
- Christian Roche. Listed on the FCA Register as having held CF1 Director (18/07/2017 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 24/08/2022) at the firm.
- Andrew William Dallas. Listed on the FCA Register as having held [FCA CF] Client dealing (10/12/2019 to 06/04/2021), [FCA CF] Functions requiring qualifications (10/12/2019 to 06/04/2021), CF30 Customer (02/06/2008 to 08/12/2019), Responsible for Insurance Mediation (02/06/2008 to 28/06/2017) at the firm.
- Stuart John Davis. Listed on the FCA Register as having held CPD11 – Pension transfer specialist (from), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), CF30 Customer (26/06/2017 to 08/12/2019) at the firm.
- Judith Ann Dallas. Listed on the FCA Register as having held CF1 Director (02/06/2008 to 27/06/2017) at the firm.
Review page sources: FCA Register (FRN 481208) · Companies House (06525684) · FSCS. Public records, provided for transparency.
