Consultant dealing with pension plan transfer declares defaults

Recommendations company Bartholomew Financial Limited has actually been stated in default by the Financial Solutions Settlement Plan (FSCS) whilst dealing with 12 cases.

All 12 cases presently versus the company associate with pension plan transfer suggestions, consisting of some British Steel Pension plan Plan cases.

The FSCS choice unlocks to customers of the companies to send cases for payment.

The company was established by Dino and also Georgina Bartholomew in March 2012, both of whom remained to possess the business at the time of liquidation.

Cardiff-based Bartholomew Financial (FCA company referral 596038) designated a volunteer liquidator in April this year.

Prior to liquidation the company encouraged on pension plans, financial investments and also insurance policy.

At the time of liquidation, Bartholomew Financial held about ₤ 127,700 in complete property readily available for lenders, consisting of ₤ 9,000 of cash money kept in a customer account and also ₤ 116,113 in a supervisors funding account, according to filings with Business Residence.

The company additionally had financial obligations of ₤ 63,000, leaving unsafe lenders with accessibility to around ₤ 64,000.

As at 20 April, Bartholomew Financial had unsafe financial obligations of over ₤ 137,000, leaving the company with a complete shortage of around ₤ 72,000.

The company has actually designated Birmingham-based Butcher Woods as its liquidator.

The company is just one of numerous advisors to be stated in default in current weeks as an outcome of British Steel Pension plan Plan declares.

Current suggestions company failings with BSPS cases consist of Mercia Financial Preparation Limited of Warwickshire (FRN 718251), FSP Limited (FRN 607441) of North London, Bolton-based Smith, Legislation & & Shepherds IFA Ltd and also Birmingham-based Region Funding Wide Range Monitoring Ltd.

Dino Bartholomew additionally established different company Bartholomew Financial Preparation in April 2021.

Mr Bartholomew and also Bartholomew Financial Preparation have actually been come close to for remark.