Clifton Asset Management - Complaint

[apknight]

In 2009 we were sent an unsolicited letter by 'Adam Taverner' of Clifton asset Management regarding using my wife's and my occupational pension schemes to set up a company SSAS and loan-back for our business. After a long and protracted relationship with this company and huge fees to boot, we've now transferred everything to a new SSAS administrator and a new, independent, advisor.

I have submitted a letter of complaint to Clifton Asset Management (after taking advice from legal advisors) with regard to the specific advice they gave us and their huge fees that I consider unreasonable. The impression I get is that their 'duty of care' extends to their own bottom line and not my wife's or my pension!:|

Has anyone else had any experience of dealing with this company and any complaints and the outcomes?

 

[unhappy54]

My story sounds very similar to yours.

I agree that they do not show any 'duty of care' to their clients.
These companies are immoral and without concience.
When they make mistakes, which they most certainly have in my case, they cease to communicate and do nothing to rectify the situation.
I couldn't agree more about the fees being extortionate!
I have complained and I am still battling with them.
No one should trade with these bandits!

 

[stressed49]

My story sounds very similar to yours.

I agree that they do not show any 'duty of care' to their clients.
These companies are immoral and without concience.
When they make mistakes, which they most certainly have in my case, they cease to communicate and do nothing to rectify the situation.
I couldn't agree more about the fees being extortionate!
I have complained and I am still battling with them.
No one should trade with these bandits!

I have been treated disgracefully by Clifton and all their associated companies and am still battling like yourself to get justice for what they have done. Did they by any chance set up SSAS pension for you that breached HMRC rules?