.png){kind=small}
In 2016 Heritage Pensions Ltd expanded to include Brooklands Trustees Ltd & Brooklands SIPP before they dissolved in 2018. Several years later, Heritage wrote to all their clients informing them that PSG SIPP Ltd was taking over as the operator of all its Self Invested Personal Pension's (SIPP). In November 2021 the sale went ahead placing Heritage SIPP, The Saltus SIPP, The International Expat SIPP & Brooklands SIPP all under the remit of PSG SIPP Ltd.
If you were advised to move your pension into any of the above named pensions by an authorised financial advisor, you may be in a position to make a claim for pension switching or failed / failing investments. To request a scheduled call, simply click here to complete our short contact form and a member of our expert financial claims team will call you to discuss how we can help prepare your claim. It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
Owners of PSG, Basi & Basi Financial Planning Ltd (Donre Advisory Ltd), entered administration in July 2024. To protect its customers, PSG had sanctions issued by the FCA in May 2024 stating the pension provider must not "dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets, and any funds it holds" along with placing restrictions on directors. Basi & Basi also traded under the names; Brite Advisors (UK), Orion Asset Management, Onvestor DVC, Onvestor Reporting, Berkeley Square Associates & Orion Asset Management.
Immediately following the sale of Heritage to PSG, March 2022 seen joint liquidators appointed to Heritage. This was following the final decision of four upheld complaints by the Financial Ombudsman Service (FOS), with compensation reported to be in the region of £600k - realisation dawned that Heritage would be unable to pay the redress due and also stay solvent, in turn closing its doors. Two other complaints upheld by the FOS challenged whether Heritage initially carried out proper checks on the investments held within the SIPP's. These high-risk and unregulated investments included Harlequin Property, Green Oil Plantations Ltd, and Food Water and Energy SA and SCS Farmland.
TenetConnect Limited & TenetConnect Services Ltd - both in administration since June 2024 - oversaw a large network of financial advisors under their Appointed Representative status who advised clients on their Defined Benefit (final salary) Pension transfer and investments. You may be more familiar with the firm names; 2PM Financial Services Ltd, AB1 Financial Planning Ltd, Acorn Independent Financial Advisors & Adapt Financial Management - all operated under the Tenet banner.
If you accepted advice from TennetConnect or any of its affiliated firms, and you now feel that you may have been wrongly advised to move your pension, or have suffered losses due to failed, or failing, investments such as Harlequin Property - we are here to investigate every avenue for you. To request a scheduled call, simply click here to complete our short contact form and a member of our team will call you to discuss how we can help prepare your claim.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
You are not obliged to use our service. It is possible for you to present your claim for free, either to the firm, or person against whom you wish to complain, or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
