Step into the world of intrigue and financial mystery with CP Financial Claims as we uncover the sad tale of mis-sold claims surrounding DK Consulting Ltd, a once-prominent Independent Financial Advisor. If any of the names mentioned pique your curiosity and leave you wondering if you've been caught in the web of mis-selling, then this article is a must-read.
Brace yourself for a roller-coaster ride of revelations as we shed light on the enigmatic DK Consulting Ltd and its journey, which came to a dramatic halt with its dissolution 6th May 2020. Unraveling the secrets of unsuitable pension advice and questionable investments, we invite you to join us on this quest for justice and rightful compensation.
The world of financial planning and pension schemes often feels like a labyrinth, especially when firms such as DK Consulting are involved.
Formerly known as Plan65 Ltd, DK Consulting Ltd went through several name changes. It traded as Plan65 Ltd from 26th January 2012 to 26th October 2015, which traded as Davidson Rae Financial Management from 9th February 2012 to 26th October 2015. Despite the name changes, it was still the same firm providing pension advice and other regulated services.
However, as of 23 April 2018, it no longer held the authorisation to provide regulated activities and products as they were ceased by the FCA (Financial Conduct Authority). This meant its once-robust standing with the FCA and/or PRA had come to a halt. As time would tell, DK Consulting was dissolved on 6 May 2020.
In the twilight of December 2020, the Financial Ombudsman Service (FOS) rendered a momentous adjudication against one of DK Consulting Ltd's trading names Plan65 Ltd, regarding their involvement in providing unsuitable pension transfer advice.
This decision sent ripples of concern throughout the financial landscape, leaving a multitude of individuals questioning the validity of the advice they received from the firm and ultimately ruined their reputation.
As you dive deeper into the financial waters, you'll notice the mentions of Rowanmoor. The affiliation here is crucial and brings with it a trail of concerns. If the transferring of your pension to self-invested personal pensions (SIPPs) rings any bells, and/or your pension fund was transferred to Rowanmoor, please reach out so that our team can look into this for you.
The company was accused of giving advice to its clients regarding purchasing properties overseas using their pension funds. However, DK Consulting Ltd (formerly Plan65 Ltd) claimed that they only provided advice related to transferring pension funds to SIPPs and did not advise on investing in properties overseas.
Despite their stance, the regulatory rules surrounding pension advice are stringent, and the FOS found that the advice given by the firm was not suitable for its clients and in December 2020, FOS concluded its adjudications against Plan 65 Ltd, although these claims must now revert to the Compensation Scheme as the firm is dissolved.
If DK Consulting Ltd's tale sounds all too familiar, and you believe you're on the receiving end of unsuitable advice, there's hope on the horizon. Instances like these, where there's a clear breach of guidelines, might still give you a chance to reclaim what's rightfully yours.
At CP Financial Claims, we understand the nuances of such cases. You may consider our experts as beacons in the often tumultuous financial storm. Our seasoned team can guide you on pursuing these claims independently without any charges. And, if you're looking for a sturdy hand to lead the way, we're here to shoulder the responsibility, offering insights on taking your case further.
As we keep our ears to the ground, we await more revelations regarding DK Consulting Ltd and its dealings. While the full picture is yet to emerge, we stand committed to updating you with fresh intel as it rolls in.
If any name, event, or detail from this narrative strikes a chord with you, we urge you to reach out to us via the form below for a free, no-obligation chat.
