Reasons for Default and Client Compensation Claims
The FSCS is handling a number of claims against Inspirational Financial Management Ltd related to unsuitable pension transfer advice. Former clients report being encouraged to move retirement savings into high-risk or ill-fitting investments, which did not align with their financial goals or risk profile — often leading to significant financial loss.
With the firm now in default, eligible clients can pursue redress through the FSCS.
Trading Styles and Previous Names
| Trading Style / Previous Name | Date Range |
|---|---|
| IFM Retirement Solutions | Trading name |
| Inspirational Financial Management Ltd | Official name |
Why can you claim for compensation or redress against IFM Retirement Solutions?
The firm has ceased trading and was declared in default by the FSCS. If you received advice from IFM Retirement Solutions that resulted in pension losses or unsuitable investments, you may qualify for compensation, even if the advice was given years ago.
Background
- Companies House Incorporation Date: 3 May 1989
- FCA Authorisation Date: 5 February 2001
- FCA Firm Reference Number: 144062
- Status: In liquidation and declared in default by the FSCS
- Nature of Complaints: Pension mis-selling and unsuitable investment advice
Who was involved?
Based on the FCA Register, individuals involved in regulated activities at Inspirational Financial Management Ltd include:
- Keith Wilcox
- David Wilcox
Additional individuals may have been authorised under the firm’s permissions during its period of operation.
Appointed Representatives and Agents
There are no currently listed appointed representatives connected to this firm. If your advice came from someone affiliated with IFM Retirement Solutions, we can check whether it was covered by their regulatory permissions.
How can we help?
We’ve helped thousands of clients recover compensation through the FSCS. If you were misadvised about a pension or investment, our No Win No Fee service allows you to pursue a claim risk-free.
How does it work?
Start with a free consultation. If we determine you have a claim, we’ll launch a full investigation, collect relevant evidence, and submit a complaint to the FSCS on your behalf. Our goal is to maximise the compensation available to you while managing the process from start to finish.
Seek Claim Advice Today
Time limits may apply, so don’t delay. You may even be eligible for additional compensation if you’ve already made a previous claim.
Call 0800 041 8358 to speak to our team of legal and financial claims experts.
NB: Information for this page was gathered on 07/05/2025 from the FSCS, FCA Register, and Companies House, and is accurate to the best of our knowledge as of that date.
