Are you a former client of Financial Page?
If you are one of the many pension-holders to have taken pension or investment guidance from Shropshire-based firm Financial Page, or owner and former regulated IFA Andrew Page, you may have fallen victim to the firm’s widespread pension transfer malpractices.
Declared in default by the Financial Services Compensation Scheme in April 2017, Financial Page persuaded hundreds of pension holders to invest well over £30 million into Hennessey Jones Bonds and AIGO Loan Notes. Ironically, Hennessy Jones Limited was also an Introducer Appointed Representative of the Financial Page.
Lead suppliers with a vested interest
In May 2019, the Financial Conduct Authority (FCA) issued Decision Notices against Financial Page Ltd, Andrew Page and Thomas Ward. These stated that Page as the firm’s director, and Thomas Ward as a de facto director, should have known that the Unregulated Collective Investment Schemes (UCIS) they were recommending to their clients were unlikely to be suitable for retail customers, except in very limited circumstances. The FCA were also highly critical of Financial Page’s pension review and advice process.
It was evident Page and Ward had acted recklessly and closed their minds to the obvious risks of their recommendations in the pursuit of personal wealth. They have referred their cases to the Upper Tribunal, whose decision will be made public in due course.
It’s devastating to learn that you have placed your trust and your money in the hands of someone who is not acting in your best interest. Even more so when it puts the financial security of you and your loved ones at risk.
If you transferred from a defined benefit pension or made investments via SIPPs on the advice of Financial Page, we want to hear from you. Our expert advisors have extensive experience in dealing with compensation claims and will do all they can to help you. Call us on 01382 200474 to discuss your case with us in confidence.