Intuitive Financial Associates, previously known as Intuitive Associates Ltd, is one of the companies associated with claims surrounding the British Steel Pension Scheme (BSPS). In 2017, numerous British Steel workers received advice to transfer their defined benefit pension into a defined contribution pension, such as a Personal Pension Plan or a Self-Invested Personal Pension (SIPP).
However, there have been allegations of mis-selling regarding these recommendations. In this article, we will delve into the details surrounding Intuitive Financial Associates and guide you on opening a mis-sold pension claim, potentially leading to compensation.
Intuitive Financial Associates, also trading as Intuitive Associates Ltd, was previously known as Advies Wealth Management and the company's registered address is in Brighton, BN1 4EA. It was incorporated on 23 February 2017 as a private limited company.
However, its status has since changed, and it was dissolved on 12 January 2023.
According to its Financial Conduct Authority (FCA) register entry, Intuitive Financial Associates can no longer provide regulated activities and products. The firm was previously authorised by the FCA and/or PRA, but as of 22/04/2020, it lost its authorisation.
Intuitive Financial Associates (IFA), previously known as Advies Wealth Management, was an independent financial advisory firm that operated in the UK between 2008 and 2012. Their aim was to provide clients with expert financial guidance and assist them in making informed decisions about their money.
IFA offered a range of financial planning services, including investment advice, pension reviews, and mortgage brokering. On the surface, their goal was to help individuals secure their financial future and achieve their goals. However, their actions revealed a different story.
A study by the Financial Ombudsman Service found that between January and June 2019, Intuitive Associates was responsible for 22% of all complaints related to investment advice. This was an alarming figure, considering the company's relatively small size in the industry.
One former client of Intuitive Financial Associates reported that they were promised returns of 12% per annum on a bond investment. However, after several years, the investment had failed to yield any significant returns, and the client had lost a considerable amount of money.
Intuitive Financial Associates is no longer in operation, but its parent company, Intuitive Associates Ltd, is still actively trading. According to our research, Hamilton Rose is linked to Intuitive Associates Ltd through its directorship. This raises questions about the transparency and ethics of Intuitive Associates Ltd's business practices, as Hamilton Rose has also faced legal action for alleged mis-selling.
Customers who have been impacted by IFA, including any connections to other IFA firms, need to reach out. CP Financial Claims has experience dealing with complex cases involving multiple parties and can help clients navigate the legal process.
Intuitive Financial Associates became associated with claims concerning the British Steel Pension Scheme (BSPS). Many British Steel workers were advised in 2017 to transfer out of their defined benefit pension and opt for a defined contribution pension, such as a Personal Pension Plan or a Self-Invested Personal Pension (SIPP).
These transfers were meant to offer more control and potential growth for pension holders.
However, allegations of mis-selling arose, indicating that some workers were given unsuitable advice regarding the transfers. Mis-selling can involve instances where individuals were not adequately informed about the risks involved or where the benefits of remaining in the defined benefit pension were downplayed or ignored.
If you were advised by Intuitive Financial Associates or any other company associated with BSPS and believe you may have been mis-sold, you might be eligible for compensation.
The consequences of this deceit were far-reaching. Customers faced not only financial losses but also immense stress and anxiety as they grappled with the fallout of their investments. Some were forced to deplete their savings or take on additional debt to compensate for the losses incurred.
Moreover, the impact of Intuitive Financial Associates' mis-selling tactics extended beyond just the immediate financial losses. Many individuals who had placed their trust in this company also experienced a loss of faith in the financial industry as a whole. This loss of trust had lasting implications, making it harder for them to seek out legitimate financial advice in the future.
Fortunately, customers affected by Intuitive Financial Associates' mis-selling tactics have a recourse. Legal action can be taken against the company to seek compensation for the losses suffered.
By partnering with a reputable claims management firm like CP Financial Claims, you can navigate the complex legal process with ease and increase their chances of securing a fair settlement.
When it comes to opening a claim, it's crucial to choose a trustworthy and experienced partner. And that's where CP Financial Claims comes in.
At CP Financial Claims, we have a proven track record of successfully handling mis-selling claims, including those involving Intuitive Financial Associates. Our team of dedicated experts understand the intricacies of the financial industry and the tactics used by companies like Intuitive Financial Associates.
If you believe you have been affected by Intuitive Financial Associates' mis-selling, it's important to take action. By gathering evidence, seeking professional assistance, and submitting a formal complaint, you can open a mis-sold pension claim. CP Financial Claims is here to help you through the process and fight for the compensation you deserve.
If you have any concerns about the advice you received from Intuitive Financial Associates or any other firms mentioned above, please fill in the form at the bottom of the page for a free no-obligation chat.
