Can You Make a SIPPs Compensation Claim against Foreman Financial Services?
Following Mr C’s acceptance of the FOS award on 14 September 2016, the FCA said –
‘Although Foreman Financial Services disputed the decision it did not seek a judicial review meaning it was binding.
‘Foreman Financial Services has failed to comply with the FOS Award, despite repeated requests by the FOS and the authority that it do so,’ the FCA said.
As such their permissions were cancelled in October.
There were two other FOS upholds against Foreman Financial Services, one being that they recommended Greyfriars Asset Management’s ‘Portfolio Six fund’ (a fund which led to Greyfriars agreeing to a permissions restriction with the FCA in 2016).
Grainger Co’s website now displays a ‘Company Closed’ message, simply stating that they have permanently ceased trading.
A new firm, Quantum Wealth Planning became authorised by the FCA in 2016 and is trading from the same address as Grainger Co. Interestingly, their Managing Director is Michael Foreman, son of Foreman Financial Services’ directors Wendy & Stephen Foreman.
If you have been a victim of SIPP mis-selling and have been advised to transfer your pension by Foreman Financial Services, contact us today to see if you can make a claim on 0161 968 0768.