TIDEWAY ASSET MANAGMENT
Tideway, also trading as Tideway Asset Management, Tideway Wealth or InvestwithQ, have been ordered by the FCA to stop all pension transfer advice business.
Defined Benefit Pensions
The regulatory body had previously reviewed the operations when looking into their defined benefit (DB) transfers in 2017.
On accession IFAs who did not hold the relevant permissions to give advice in relation to occupational pension transfers referred clients to Tideway. Tideway would carry out the pension transfer work, but the client would remain a client of its original adviser who would advise on the investments going forward.
The firm changed its strategy after the regulatory body raised concerns about such practice.
Pension Transfers
The firm’s website states that Tideway are one of the UK’s leading pension transfer specialist – covering Defined Benefit / Final Salary pension transfers, handling over £1bn worth of final salary pension transfers since April 2015.
However, as of 3rd of July 2020 the company has not been allowed to advise on the transfer of pension benefits, nor complete any existing work related to pension transfers. Tideway was also told that it must not dispose of, deal with or diminish the value of any of its assets, nor dispose of, transfer or sell part of or all of its entire client bank without permission from the FCA.
If you have had any dealings with this firm, you may have lost money. Remember that on the face of it you may think that you have not lost any money, but you should still review matters to make sure. We have the expertise to calculate any loss that you may have incurred.
Company background (public record)
The company was incorporated at Companies House on 30 November 2018 under company number 11705341. Its status at Companies House is recorded as dissolved.
Registered office: 107 Leadenhall Street, London, EC3A 4AF, England.
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 |
|---|---|---|
| 30 Nov 2018 | Company incorporated | Companies House |
| 30 Nov 2018 | Ursula Ann Baxter appointed secretary | Companies House |
| 30 Nov 2018 | James Baxter appointed director | Companies House |
| 30 Nov 2018 | Peter Samuel Doherty appointed director | Companies House |
| 30 Nov 2018 | Mr Peter Samuel Doherty appointed PSC | Companies House |
| 30 Nov 2018 | Mr James Baxter appointed PSC | Companies House |
| 30 Nov 2018 | Tideway Investment Group Limited appointed PSC | Companies House |
| 18 Dec 2018 | FCA status recorded as: No longer registered as an Appointed Representative | FCA Register |
| 07 Apr 2020 | Peter Samuel Doherty resigned as director | Companies House |
| 29 Mar 2022 | Company dissolved | Companies House |
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.
- Ursula Ann Baxter. Listed at Companies House as Active | secretary (appointed 2018-11-30).
- James Baxter. Listed at Companies House as Active | director (appointed 2018-11-30).
- Peter Samuel Doherty. Listed at Companies House as Resigned | director (appointed 2018-11-30, resigned 2020-04-07).
- Mr Peter Samuel Doherty. Listed at Companies House as Person with significant control (appointed 2018-11-30).
- Mr James Baxter. Listed at Companies House as Person with significant control (appointed 2018-11-30).
- Tideway Investment Group Limited. Listed at Companies House as Person with significant control (appointed 2018-11-30).
Review page sources: FCA Register (FRN 828926) · Companies House (11705341). Public records, provided for transparency.
