Financial Adviser, Aiden Henderson, caught in trouble with the FCA, after adopting a business model in his advice firm, which led to clients’ pensions becoming illiquid.

Five former Financial Advisors, including Aiden Henderson, have recently been associated with a pension transfer scheme, where clients were advised to transfer their pensions into high-risk investments. This has led to £50m pay-outs from the Financial Services Compensation Scheme (FSCS), Resulting in the advisors being banned from financially advising by the FCA.

Due to Aiden Henderson and the four other financial advisers ‘failing to act with integrity, having either acted dishonestly or recklessly’, the Financial Conduct Authority (FCA) has collectively fined the five Financial Advisors a total of over £1m and prohibited them from working in financial services.

To read more about the Scheme, first revealed by Citywire New Model Adviser in 2016, that Andrew Page’s advice firms adopted, follow the link (INSERT LINK).

Advice firms Bank House Investment management– based in Cheltenham; Financial Page– based in Shropshire and Henderson Carter Associates– based in Merseyside were ran between the five Financial Advisors. These advice firms have all since collapsed, leaving the FSCS with £50m redress paid out so far.

If you have previously invested and lost your pension with one of these advice firms, contact HT Legal Helpline on 0161-808-0142 for a free 30-minute consultation, where we can evaluate what help we can offer you.