The wealth management company has ceased trading.
Sequence was being advertised as independent financial advisors, committed to providing objective and comprehensive advisory services to both private and corporate clients.
SSAS Pension Transfers
We have found that the company was heavily involved in accepting introductions from unregulated introducers to arrange investment into the Resort Group via SSAS’s,
SSAS’s are unregulated occupational pension schemes. The firm would set up limited companies on behalf of the client before setting up the pension vehicle with either Rowanmoor, Cantwell Grove or Monument.
The company would assist retail clients (inexperienced investors) to transfer their pensions into a SSAS in order to invest into the Resort Group, potentially failing to provide suitable advice for clients who had no idea of the risks involved.
Paperwork may have referenced Sequence Cash & Investment Management service, setting up discretionary investment accounts with Parmenion to hold the remaining cash balance of any pension transferred into the SSAS.
However, the company knew from the outset that the whole purpose of the SSAS would be holding high risk and unregulated investments.
The Resort Group
We believe you may have received unsuitable advice to transfer your pension, as the firm failed to ensure that their clients would understand the cost of running those SSAS’s, filing company accounts and the risks involved with the investment.
The Resort Group are still marketing themselves as ‘’market leader of 5-star resort developments in Cape Verde, with award-winning beach resorts at MELIÃ Tortuga and MELIÃ Dunas, MELIÃ Llana Beach Resort & Spa, and White Sands. With a further ten projects in the pipeline for the islands’’
If this sounds similar to what’s happened to you, or if you had dealings with the company ( lso trading as Sequence Pension Solutions, Moneybrain Robo-Advice) you may be entitled to compensation.
Act now! Review Your Mis-sold Pension Investment.
Please call for an informal chat with one of our experienced case handlers, so you can explore your options (including some guidance as how to progress a claim yourself at no cost).