The regulatory body, the FCA, has fined both Darren Reynolds & Andrew Deeney for their failure to act in their clients' best interests in order to maximise personal gain.

Both men worked alongside each other for a number of firms such as;

Abacus Investment Management Ltd

Active Investment Services Ltd

Alpha to Omega (UK) Limited

in positions responsible for Compliance Oversight, Investment Advisors or Pension Transfer Specialists, before they each set up their own business.

Darren Reynolds became the director of Active Wealth (UK) Ltd, and Andrew Deeney established Fortuna Wealth Management Limited in 2017 to purchase Active Wealth’s database, earning even more commissions for ongoing advice!

The FCA found that both men had a clear disregard for their customers’ interests and acted in favour of their own personal gain. Decision notices can be seen here.

They acted dishonestly, when establishing, maintaining and concealing a business model which incentivised recommending products which produced millions of pounds in commission payments!

Both men are banned from working in financial services again. They have left behind a trail of customers with losses in relation to unsuitable pension investments via Intelligent Money, SVS Securities  or Greyfriars as well as bond investments marketed by Best International such as;

Best Car Parks Dubai

ABC Bonds

Borgio Allevigne (BAV Phase 2 Bonds)

Enviroparks Bonds

Olmstead Bonds

Get Claims Advice Now !

If you had dealings with any of those firms you should speak to one of our Financial Claims Consultants and let us review all the transactions which were made.

Please get in touch with us if you have any concerns about the advice you received or the way your investments are performing.

Most clients don’t understand that they may have suffered losses, as their annual statements show that the pension fund is still valued at purchase price.

We have been fighting your corner for years – and may just know a trick or two, helping you to finally obtain compensation!

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We offer a free assessment of your situation to find out if you may be owed money redress. We will inform you of other options available to you. Don’t delay because there are time limits to claim your compensation. The best time to act is now!

Contact us for an informal discussion to explore your options. You’ll also get a better understanding of how we work before deciding on your best course of action.

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ACL Consultancy Ltd have been in operation as a claims management company (CMC) for 10 years and have offered the lowest flat fee service in the industry since 2017. We welcome the new Financial Conduct Authority regulation to put a cap on CMC fees.

We are able to work for a reasonable fee because we don’t buy your data from the companies involved in your claim. We pass these cost savings on to you. Our success is your gain.

Our team possess a deep knowledge of pension and investment compensation, including overseas property investment, and welcome your call to find what solutions are available to you. So, you’ve nothing to lose and everything to gain by calling us today.