The Financial Services Compensation Scheme declared TailorMade Independent in Default in 2014 - this means that claims can be brought against it.
Writitn in Money Marketing (14/08/2015) Natalie Holt reported about the issues at TailorMade Independent - highlighting that clients were placed into "unregulated" investments , via Self Invested Personal Pensions (SIPPs)
Natalie Holt reported that many clients were invested into Harlequin Property, and " Other unregulated invested clients invested in include green oil, biofuels and farmland."
Today (02/08/2018) Citywire reports " The upper tribunal has upheld a Financial Conduct Authority (FCA) decision to ban the former chief executive of an advice firm that lost clients £106.5 million through unsuitable pension transfer advice." Alistair Burns was formerly CEO at TailorMade independent which handled SIPPs investments.
"As well as running the advice firm TailorMade Burns also ran an unregulated introducer which was also called TailorMade that received commission from some of these high-risk investments. The FCA said this represented an 'obvious conflict of interest' that was not managed." (Citywire 02/08/2018)
As expert pensions claims handlers, we can determine quickly if you can make a claim. Our service is a genuine "No Win - No Fee" service. You can contact us directly on freephone 0800 254 5066, or use the contact form below to access an expert claims handler directly.