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Are you familiar with Philpott Reed Partnership LLP, the once-notable independent financial advisory service based in Scotland? If you are, then this article is going to be crucial for you. Founded on March 23, 2006, the firm gained prominence for its specialised advice geared toward high net-worth individuals in areas like pensions, investments, tax planning, and protection. However, its operations came to an abrupt halt, as it was dissolved on March 10, 2019.
But why are we talking about a financial advisory firm that’s no longer in operation? Because there have been some major developments that you should be aware of, especially if you've had dealings with them in the past. While more information is expected to come to light, if you recognise this name and think you might have been affected, it's crucial to take action.
Before we dive into how we can assist you, let’s recap the critical points around Philpott Reed Partnership LLP:
Philpott Reed Partnership built its reputation as a leading financial advisory service. The firm specialised in offering planning and advice to high net-worth clients, covering essential financial aspects such as pensions, investments, and tax planning.
Although it was once authorised by the Financial Conduct Authority (FCA) and/or the Prudential Regulation Authority (PRA), its authorisation was revoked as of October 12, 2017. This means that from this date, the firm was prohibited from carrying out regulated activities and offering specific products to the public.
The Financial Services Compensation Scheme (FSCS) declared Philpott Reed Partnership LLP as failed on January 17, 2018. This status generally indicates a level of risk for consumers who have interacted with the firm.
One of the notable investment names associated with the firm is UK PDS. If you've been involved with this investment, you might want to pay close attention to your financial portfolio.
If you've dealt with Philpott Reed Partnership LLP in the past, the developments mentioned above should serve as an alert. Financially speaking, failing to act could have repercussions on your investments and financial health.
Asset Recovery: If you’ve invested through Philpott Reed Partnership LLP, especially in UK PDS, you could be at risk. A claim may allow you to recover some or all of your assets.
Peace of Mind: Opening a claim will provide clarity on your financial standing. Ignorance may be bliss, but not when it comes to your hard-earned money.
Legal Accountability: It's essential to ensure that financial institutions are held accountable for their actions and the advice they provide. Your claim could be a step towards achieving that accountability.
Financial Safety: With its authorisation removed, the firm is no longer under regulatory oversight, putting your investments at greater risk.
We understand that dealing with financial complexities can be daunting, particularly when it involves a firm that has lost its regulated status. That's why CP Financial Claims offers comprehensive services to help you:
As more information emerges, it's possible that new avenues for claims and recoveries might open up. We promise to keep this page updated, as and when we get more information.
Take action today by entering your details below for a free, no-obligation chat.
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.
