Portafina, formerly known as Portal Financial Services, offers people a free pension review, with a chance to take a look at clients’ pension arrangements. However, over 20 complaints have been launched against the company and the Financial Ombudsman Service has upheld many complaints. Most of the complaints related to investment advice and pensions advice.
Portafina Investments
Many of the cases that the Financial Ombudsman has upheld against the company involved high risky pension investments. They should have only told certain people about these investments. If someone didn’t qualify, then they should not have been told about those investments.
What Investments Were Included
One investment included the Koroni Fund, and another one being the Hypa Asia Fund. Another investment was the Raithwaites Hypa fund, which was associated with investing in property located overseas. Another high risk investment, which is is not regulated, is venture oil investment. That has always been unregulated and has always been considered high risk.
EOS Solar
The truth is we don’t blame you if you don’t fully understand your EOS Solar investment. In fact, when you go online, you can easily find sketchy advise. Plus, things don’t always appear to be what they are portraying themselves to be.
EOS Solar Investment: Were You Put At Risk
EOS Solar touts high returns for those who take their pensions and places it in an SIPP. However, a lot of people weren’t made aware of the risks. A lot of people weren’t even told about them.
EOS is not under the FCA’s jurisdiction because the company keeps their assets in Cyprus, and this means investors don’t have protection from the FSCS or the ombudsman. This means there’s not much clients can do if they don’t get good returns or anything else for that matter, and that is a massive risk people are taking with such investments.
What this means is that the investment was high risk and only certain people should have been allowed to do the investment. For example, are you earning over £100K per year and do you have plenty of experience with investment? If not, then you shouldn’t have been allowed to invest.
In fact, you might have been mis-sold your investment. You should have been assessed by the company. That being said, you should give us a call so you can take action and get the compensation you deserve.