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Wellington Court Financial Services Ltd/Guinness Mahon Trust Corporation Ltd (“GMTC”). Under investigation 22 June 2022 by The FSCS - get registered now!


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Wellington Court Financial Services Ltd

Under investigation 22 June 2022

FRN: 465455

 

You might be eligible for compensation

 

FSCS is now considering customers’ claims against Wellington Court Financial Services Ltd (“Wellington Court”).

Wellington Court was incorporated in Ireland and passported into the UK under the Insurance Distribution Directive. They had a UK establishment in Devon which closed on 31 December 2021.

 

From 19 December 2016, Wellington Court had permission from the Financial Conduct Authority (“FCA”) to carry out certain regulated activities including advising on investments and pension transfers. Prior to this date, it only had permission to carry out insurance mediation and insurance distribution activities.

FSCS has been working with the FCA and the Financial Ombudsman Service (“FOS”) to investigate the activities of Wellington Court.

 

The FOS has upheld a large number of complaints against Wellington Court in respect of its involvement with the transfer of customers’ pensions into a self-invested personal pension (“SIPP”) administered by Guinness Mahon Trust Corporation Ltd (“GMTC”).

 

GMTC was declared in default by FSCS on 29 October 2020. However, where Wellington Court was involved in a customer’s transfer into the GMTC SIPP, FSCS has required customers to first exhaust their rights against Wellington Court via the FOS before FSCS is able to consider any claim against GMTC.

However, Wellington Court has failed to satisfy the FOS awards. The FCA has been notified of this failure.

 

The FSCS is now considering whether valid claims exist under its rules in connection with Wellington Court’s activities.

 

WWW.FSCS.ORG.UK

FSCS is now considering customers’ claims against Wellington Court Financial Services Limited. To find out if you're eligible for compensation...

 

  • Thanks 1

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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