Also trading as Athena Wealth, Hamilton Rose Wealth Management Ltd, acted as the discretionary fund manager (DFM) for a company called Clear Capital Management.

After the Financial Ombudsman Service (FOS) upheld a number of decisions against the company that forced them to pay out compensation for the poor pension advice it had given out, Hamilton Rose cancelled their regulatory licence.

Self-Invested Personal Pensions

Although the specifics of each client was somewhat different, their complaints were pretty similar with the investments made via DFMs weren’t suitable and complete cost of running the self-invested personal pensions (SIPPs) were not fully explained to clients. It was concluded by the FOS that the recommended transfer and SIPP weren’t suitable and so there was no reason for a switch and the client having to incur costs as a result. There was no was that the company could possibly determine that he transfer and investment being proposed was in the client’s best interest, without first getting information to fully analyse the transfer.

The SIPPs were established through InvestAcc Pensions Administration Ltd and the investments then placed directly onto the Jarvis Investment platform. Some investments were also put into the Mercantile Opportunities Fund, MBH Corporation Plc, and the Mercantile Diversified Fund – all of which were deemed to be too risky for clients to take on.

Unsuitable Advice

Anyone that had dealings with any of the companies mentioned and either invested money or transferred their pension may well have been given advice that was not at all suitable and so should have their transaction(s) looked at. This is also true for those individuals who have been given pension statements show that it had been performing well, even though, in truth, they couldn’t access the investments.

Get Claims Help

If this sounds familiar, you should get in contact with our compensation experts who offer a pension claim consulting service completely free of charge and with no obligation to proceed. They will get to know your case then advise on what is the best way to proceed.

If you do decide to use our services, know that our fees are very reasonable as we don’t buy your personal data from those very companies that mis sold you a pensions in the first place.

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