Back in 2016 the FCA decided that Bank House Investment Management could no longer carry out any regulated activities, which included pension transfers and pension reviews. This choice was made further to the restrictions already placed on Bank House Investment Management, in which the regulator decided that the firm could no longer ‘Carry out regulated activities in relation to pension switches and/or pension transfers to any self-invested personal pension (SIPP) scheme …except where member’s funds are to be invested wholly in standard investments”.
Standard investments are ones which are regulated by the FCA, non-standard investments, such as overseas property, store pods and carbon credits are not regulated and are therefore deemed to be High-risk and as such, not suitable for everyone.
If you are concerned about the advice you may have received from Bank House Investment Management then you can speak to one of our UK based Pension Claim Handling Team who are experienced in assessing whether the advice you received was suitable or negligent and if you can pursue a claim for pension compensation.
We operate on a no win no fee basis, providing you don’t cancel our service after the 14-day cooling off period. Contact us today by filling in the below form and we will be in touch shortly. Alternatively, we can be reached directly on 0161 850 9069.