The Financial Conduct Authority has started an enforcement investigation into Lighthouse in relation to historical pension transfers advice, specifically the unsuitable advice to transfer defined benefit (DB) pensions.

It has been reported that Quilter, the network which acquired Lighthouse last year, set aside large sums of money to cover possible compensation claims.

Quilter announced that the firm is one of the 30 advice firms under ongoing enforcement investigations.

The issues came to light when the FCA started their investigation into British Steel pension transfers.

Compensation Claims

The investigation only relates to Lighthouse and not Quilter advisers and covers the transactions before Lighthouse was taken over (up until 27 January 2020)

If you had dealings with Lighthouse you may be entitled to redress.

You may not realise it, but even if your new plan hasn’t lost any money, the benefits you have lost may be substantial!

Please feel free to contact us and speak to a pension claims expert.

We offer a no obligation chat so that you can understand your options and discuss if we may be able to assist.

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