Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.

0345 544 1563

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.

What Did Hamilton Rose Wealth Management Ltd Do Wrong?

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:

  • You were misled over the risk of the investment
  • Your IFA encouraged you to switch investments, without saying why
  • Your SIPP has decreased in value, despite your IFA saying it would increase
  • Your IFA failed to explain factors that could lower the value of your investment

FSCS Hamilton Rose Wealth Management Ltd claims

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.

Start your Hamilton Rose Wealth Management Ltd claim today

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Andy Ramsay

Pensions & Investments Claim Manager

Andy understands financial services regulations and the technical arguments required to make a successful claim.

In his career he has successfully dealt with an array of claims such as pension transfers and switches, SIPP and endowment claims.

Andy was part of the “Pension Review” and Customer Liaison Departments for Royal Sun Alliance. Unhappy with how consumers were being treated, he realigned himself and has been representing consumers since 2004, ensuring fair and equitable treatment for consumers.

Pension Query? Contact Andy

Insights from Our Pensions Team

Expert Insight: The Importance of Choosing the Right Pathway for Your Claim: CMCs and Law Firms Compared.

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:-

  • costs consequences and funding arrangements
  •  the differing basis of an assessment that a Court will deploy when compared to an Ombudsman
  •  the potential need for claimants to attend a hearing in Court

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

Learn With Allegiant: The Financial Services Compensation Scheme (FSCS) In A Nutshell

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:-

  • The type of claims FSCS covers (and those it doesn’t).
  • How and when it can help
  • The FSCS claims process

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

Learn With Allegiant: What is a SIPP?

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

Our Mis-sold Pensions Claim Procedure

  • Step 1

    Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.

  • Step 2

    Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate

  • Step 3

    Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.

  • Step 4

    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.

Our Fees - What You Need To Know

Worked Fee Example

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:

  1. the maximum percentage rate of charge for that band, or
  2. the maximum total charge for that band.

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
5 50,000+ 18% 12,000 10,000

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

Cancellation Rights (Pension Claims)

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: ; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/compliance/cancellation.

Looking for Claim Representation? Why Allegiant is a Great Choice for Pension Claims Assistance

Human

Our small, dedicated pensions team provide a personal touch

Trustworthy

We’ll treat your claim as strictly confidential. Your personal information is safe with us.

Longstanding

We’ve serviced over 100,000 clients across all service lines since our inception in 2010.

No Paperwork? Don't Worry!

We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.

Technologically Driven

Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.

Claiming for Free Yourself

Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.