Capital & Income Solutions update – Jan 22

Did you take advice from Capital & Income Solutions to move your defined benefit workplace pension?

Based in Leeds the firm are believed to be responsible for thousands of ill-advised transfers away from defined benefit workplace pensions.

Now City Wire, a leading on-line financial journal, has revealed on 12 January that the Financial Services Compensation Scheme (FSCS) has received over a whopping 900 claims amounting to more than £30 million against the firm that collapsed into liquidation in 2020 with debts of over £1 million. You can read the full story here.

It’s an astonishing story that Beat the Banks have helped to expose over the last 3 years. Incredibly, Capital & Income Solutions also illegally collaborated with Mike Connelly of the Mortgage Finance Store Ltd (TMFSL) in Dundee over a 10 year period. Neither Mr Connelly nor TMFSL has the regulatory permissions to give this highly specialist advice.

We have now helped a huge amount of Scottish victims recover compensation. Many were incorrectly advised to leave local government schemes like the Tayside Pension Fund or the Lothian Pension Fund. Sadly, many lost substantial six figure sums.

Some victims were referred to Mr Connelly by another mortgage broking business based in Dundee. Incredibly Beat the Banks are aware that this same firm is now giving pension claims advice too. Something for which they do not have the regulatory approval and is a criminal offence. If you are approached by a Dundee based mortgage broker offering pension claims management advice please contact our team on – 01382 200464, or the FCA here.

If you took pension transfer or investment advice direct from Capital & Income Solutions, or indirectly through Mike Connelly of TMFSL, you may have suffered significant losses. A substantial number of our successful claimants were completely oblivious to the fact they’d been mis-advised or the level of their losses. But help is at hand and Beat the Banks will happily check for free the advice you were given AND remember submitting a claim has no impact on your current pension arrangements.

Beat the Banks is a CMC. You can claim for free, without using a CMC, first to your provider or to the FOS/FSCS/TPO. Click here for more information.

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