Collapsed DB transfer adviser’s wind-up drags on
By Michael Klimes 21
st January 2021 11:00 am
The wind up of a collapsed advice firm with a history of pension transfer complaints is set to drag on for another year.
Administrators for Kingsway Wealth Management – which racked up around £2.7m in liabilities from pension transfer complaints and went into liquidation in January last year – have had to extend their work by another 12 months, an update on Companies House shows.
The origin of the complaints dates from between 2009 and 2012 when the now-dissolved Pension Transfers Ltd was an appointed representative of Kingsway.
Money Marketing previously reported about how another adviser, DJ Financial Solutions, also doubled up as a member of Quilter’s network and an unregulated lead generator for Kingsway.