BlackStar Wealth Management Limited

If you were told by BlackStar Wealth Management Limited to transfer out of your final salary or personal pension scheme into a SIPP, you may have been wrongly advised. By transferring your pension, you may have lost some core benefits entitled to you at retirement and incur high pension transfer charges. This may not have been the best option for you. Things may even be worse if you were told to invest in high risk, unregulated investments.

At Return My Money, we have a team of highly experienced claims experts who can review the advice you received from BlackStar Wealth Management Limited. If you feel that the IFA offered you unsuitable financial advice that made you incur a financial loss, we will help you to make a claim to recover your lost funds. Contact us today to learn more.

What is BlackStar Wealth Management Limited?

BlackStar Wealth Management Limited was an independent Financial Advisor that was created and registered as a company on 15 September 2008. In many cases, BlackStar Wealth Management Limited convinced clients to transfer out of their defined benefit or personal pension Schemes into a SIPP, so that they would invest in unregulated risky investments. This unsuitable financial advice resulted in SIPP investors losing all or nearly all their pension savings.

In August 2019 The Financial Ombudsman Service revealed that it had received 99 complaints against BlackStar Wealth Management Limited for their part in providing negligent advice in transferring pensions to Self-Invested personal pensions.

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How do I know I am Eligible to Make a Claim Against BlackStar Wealth Management Limited?

You may qualify to claim if any of the following statements apply to your case:

BlackStar Wealth Management Limited convinced you to transfer out of your existing defined benefit or personal pension scheme even though you were financially better off staying with your previous pension provider.

BlackStar Wealth Management Limited did not assess your financial situation or attitude towards risk before recommending an investment product to you.

BlackStar Wealth Management Limited did not tell you that you would lose some core benefits entitled to you if you transferred out of a final salary scheme.

BlackStar Wealth Management Limited did not offer you all the available options. It is the work of your Independent Financial Advisor to inform you about other suitable products depending on your personal circumstances.

If any of the above statements are true, you may have been mis-sold a SIPP Investment by BlackStar Wealth Management Limited, contact us today on 0800 061 4585 to speak to one of our highly experienced claims experts. We will assess your case and help you make a successful claim.

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