Trusted, Successful Professionals
Long-established Practice
Hassle-free Service
Simple, Jargon-free Advice
‘Mrs G receives maximum award from FSCS!’
Mrs G received a cold call from a firm of Independent Financial Advisors called Bright Financial offering her a free pension review.
Bright Financial advised Mrs G that she would be guaranteed higher annual returns of 6% if she transferred her company pension scheme into a SIPP (Self-Invested Personal Pension).
Mrs G, having no investment experience trusted the recommendations made by her financial advisor thus, agreeing to transfer £45,000 from her company pension scheme to The Lifetime SIPP Company. Mrs G was relying on these pension funds for retirement, and would therefore not be in a position to risk them.
Subsequently, Mrs G lost the entire amount that had been invested. As Bright Financial were a firm of regulated Independent Financial Advisors, The Byrne Practice were able to secure £50,000 in compensation for Mrs G from the Financial Services Compensation Scheme – the maximum award given by the FSCS.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.