Hamilton Rose Wealth Management Ltd is a Nottingham-based SIPP operator that mis-sold SIPP products to people across the UK.
The company traded under two names; Athena Wealth & www.theisaexpert.co.uk and is a subsidiary of discretionary fund manager Clear Capital Management, which was declared as dissolved by the FSCS in September last year. Hamilton Rose Wealth Management Ltd, allowed retail savers to put their hard-earned pensions savings and cash into high-risk unregulated investments that turned sour. Were you mis-sold SIPP or investment products by Hamilton Rose Wealth Management Ltd or Clear Capital Management?
Hamilton Rose Wealth Management Ltd was incorporated as a business on 8 September 2014 but has been in liquidation since 2nd February 2015.
Their last accounts were made up to 30 September 2020 and their last statement was 8 September 2020.
The company had 4 offices and 2 resignations throughout its lifespan: Richard Walmsley (Director); Adrian Jubb (Director), Ian Smitham (resigned), Martin Ashley Vaughan (resigned).
Hamilton Rose Wealth Management Ltd had numerous different addresses in the Nottingham area while in operation. These included; Keepers, 1 Upper Hexgreave, Hexgreave Hall Farnsfield Newark NG22 8LS, Holly Farm Clipstone Road, Edwinstone, Notts NG21 9JD and Kelham Hall and Country Park, Main Road Kelham Nottinghamshire NG23 5QX and The Old School House Heritage Mews High Pavement Nottingham NG1 1HN England to Cumberland House 35 Park Row Nottingham NG1 6EE.
Hamilton Rose Wealth Management Ltd is classed as a failed firm since 23 December 2021, so you will not get a penny from them. However, the government has made compensation available for people like you.
Have you been mis-sold pension or SIPP products by Hamilton Rose Wealth Management Ltd? Then you may be entitled to compensation.
Within one month of Hamilton Rose Wealth Management Ltd being declared a failed firm, the FSCS received 31 claims against them, one of which has been completed and upheld. The remaining 30 complaints are in progress. Of those claims, 17 out of 30 are relating to self-invested personal pensions, for clients who were given wrong advice from Hamilton Rose to take out a new SIPP.
A Self Invested Personal Pension (SIPP) allows investors to choose the types of businesses, FTSE 100 companies and emerging markets they invest in. SIPPs then, offer more flexibility than most pensions which, when handled correctly, provides more choice in the pensions market.
However, the Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and SIPP Providers. Typically, mis-selling is related to investors being given poor or misleading advice as to what investments were relatively safe and suitable for the needs of their clients.
The mis-selling of SIPP investments has resulted in significantly reduced pensions funds and the prospect of serious financial strain during retirement. According to recent research, as many as one in eight people have been mis-sold an investment or pension product in the last 12 months. So although it may feel like it, you’re not alone.
Have you been a victim of a Mis-sold Self Invested Personal Pension (SIPP)? We can help if:
Hamilton Rose Wealth Management Ltd has been declared in default by the Financial Services Compensation Scheme and can no longer pay out any returns. This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Hamilton Rose Wealth Management Ltd.
In this article, Allegiant’s Pensions & Investments Manager, Andy Ramsay, explores the fundamental differences between the Court and Ombudsman routes for resolving pension & investment claims. The article highlights key differences in:-
Andy further explores outdated preconceptions about Claims Management Companies. This short summary is essential reading for anyone planning on making a pension or investment claim with the assistance of a CMC or law firm.Click to Read
You may have heard of the Financial Services Compensation Scheme (FSCS), but do you fully understand its vital role within the UK’s financial services sector? In this short piece, we look at:-
This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.Click to Read
The Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.Click to Read
Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.
Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate
Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.
If appropriate resolution cannot be reached with a live firm, and we disagree with their stance, we will refer the claim to Ombudsman on your instruction.
As of the 1st March 2022 we have implemented a new fee structure which we have explained below. If you signed your contract with us prior to the 1st March 2022, please refer to your signed claims pack for our previous fee terms.
Our fees are owed upon a successful claim and will depend on the Gross Compensation you receive. “Gross Compensation” means the amount awarded to you whether this is paid directly to you or paid into an investment or pension, and prior to any deduction of any income tax due to HMRC on your award. Please refer to the definition of “Gross Compensation” and Section 5 of our Terms of Engagement for further information including a table showing how our fees work in different scenarios.
If successful, your fee will be calculated based on which band your redress falls into and will be charged by whichever is the lowest of:
The below table outlines the redress bands, the maximum percentage rate of charge and the maximum total charge is for each band.
|Band||Redress||% Charge (with VAT)||Maximum charge (with VAT) (£)||Maximum charge (without VAT) |(£)|
|1||1 – 1499||36%||504||420|
|2||1,500 – 9,999||33.6%||3000||2500|
|3||10,000 – 24,999||30%||6000||5000|
|4||25,000 – 49,999||24%||9000||7500|
Examples of how this would work in practice:
|Band||Lower example||Higher example|
|1||You receive £100 in redress; our fee would be £36.||You receive £1499 in redress; our fee would be £504.|
|2||You receive £1,600 in redress; our fee would be £537.60.||You receive £9,999 in redress; our fee would be £3,000.|
|3||You receive £12,000 in redress; our fee would be £3,600.||You receive £24,999 in redress; our fee would be £6,000.|
|4||You receive £30,350 in redress; our fee would be £7,284.||You receive £49,999 in redress; our fee would be £9,000.|
|5||You receive £55,000 in redress; our fee would be £9,900.||You receive £100,000 in redress; our fee would be £12,000.|
Please note, the above fee examples are for illustration purposes only. They are not an estimate of the likely outcome or fee you will need to pay. Each claim depends on its own merits.
It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds
You can cancel for free at any time within 14-days without giving any reason and without incurring any liability. You can communicate your cancellation by telephone, post, email or online.
You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.
You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: [email protected]; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/compliance/cancellation.
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