Trading as Portfolio Financial Consultancy, A W Dallas Financial Services Limited, purchased the client book from S&M Hughes Ltd (previously Crescent Financial) and has recently gone into liquidation.
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.
