Advent-ures in the MSE Forum... Our Advent calendar is live, helping you discover a new corner of the community each day. Visit the homepage and scroll down

Melenial Wealth

Hi all
i am 60 and my Pensions have finished there plans .
I was contacted by an advisor from Better financial services from the Pensions tracing services and am currently looking at IFA from a company Melenial Wealth that has recently been formed and taken over from the previous company that are no longer regulated the later is regulated and so is my Advisor They have shown me on the Fca site
there is still connections to the original company and the advisor doesn’t apear to be regulated for Transfer of pensions 
the company I’m advised to set up my new Pensions with are not helping me have confidence to commit to what seems like a good product  
.
any one have any dealings with the above Firm or offer any advice
thanks
clive



Replies

  • edited 24 November at 2:31PM
    LintonLinton Forumite
    15.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Forumite
    edited 24 November at 2:31PM
    From a bit of research....

    Millennial Wealth was a trading name of Better Retirement which was liquidated.  As was Pension Tracing Services.  Millennial Wealth Ltd is now a separate company and is regulated with both Millennial Wealth(From Oct 2019)  and Pensions Tracing Servies (from Feb 2022) as trading names.  So they are both the same company.

    As you say they are explicitly not regulated for pension tansfer.

    They also have a smart though somewhat uninformative website. It is not original - the text: 
    "We firmly believe in the importance of working together to build rewarding relationships, and working closely with our clients enables us to help them fulfil and achieve their objectives."
    is also to be found on another advisor's website - Castle Wealth.


    Did you contact them first or have they contacted you out of the blue?? If the latter I suggest that you have nothing to do with them.   Legitimate financial advisors do not cold call.  What services are they offering you?  Why do you want them?


  • MordkoMordko Forumite
    3.1K Posts
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    Linton said:
    From a bit of research....

    They also have a smart though somewhat uninformative website. It is not original - the text: 
    "We firmly believe in the importance of working together to build rewarding relationships, and working closely with our clients enables us to help them fulfil and achieve their objectives."
    is also to be found on another advisor's website - Castle Wealth.



    Looks like there is a wealth of “believers” in copy pasting among “wealth management” companies. 


    Shows they speak from the heart. 

    LOL.
  • edited 24 November at 2:57PM
    LintonLinton Forumite
    15.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Forumite
    edited 24 November at 2:57PM
    Mordko said:
    Linton said:
    From a bit of research....

    They also have a smart though somewhat uninformative website. It is not original - the text: 
    "We firmly believe in the importance of working together to build rewarding relationships, and working closely with our clients enables us to help them fulfil and achieve their objectives."
    is also to be found on another advisor's website - Castle Wealth.



    Looks like there is a wealth of “believers” in copy pasting among “wealth management” companies. 


    Shows they speak from the heart. 

    LOL.
    Or a web designer somewhere has established a lucrative low effort niche business.
  • dunstonhdunstonh Forumite
    111.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    Linton said:
    Mordko said:
    Linton said:
    From a bit of research....

    They also have a smart though somewhat uninformative website. It is not original - the text: 
    "We firmly believe in the importance of working together to build rewarding relationships, and working closely with our clients enables us to help them fulfil and achieve their objectives."
    is also to be found on another advisor's website - Castle Wealth.



    Looks like there is a wealth of “believers” in copy pasting among “wealth management” companies. 


    Shows they speak from the heart. 

    LOL.
    Or a web designer somewhere has established a lucrative low effort niche business.
    Financial websites have to be compliant.  The easiest way is to buy the website with pre-approved templates & text and there are a number of adviser website suppliers that offer that service.   The graphics differ but they are based on the same template which has been previously approved by their compliance company.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • xylophonexylophone Forumite
    40.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Do nothing at all until you are completely sure of what you are doing.

    i am 60 and my Pensions have finished there plans .

    Please explain exactly what you mean by this.

    What information have you received from your pension providers?

  • edited 24 November at 4:25PM
    MordkoMordko Forumite
    3.1K Posts
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    edited 24 November at 4:25PM
    “The easiest way is to buy the website with pre-approved templates & text”.

    Interested how their Copyright works though. “All rights reserved [email protected]”.  
  • MalthusianMalthusian Forumite
    10.1K Posts
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Forumite
    You can copyright a website even if a part of the whole is non-original. And there's no copyright problem with the copied text because the owner of the copyright of that segment (the web designer) has licensed it. You can't burn a load of pirate copies of Ice Ice Baby and say that the song is public domain because it copied the bassline of Under Pressure.
    It is however pretty lazy. Doesn't take long to write your own "our values" bumph (any teenager can change a few words in a piece of copied text and re-order them to avoid a charge of plagiarising their homework).
    Copied and pasted text is one of the hallmarks of a scam website in the world of finance. If it's not a red flag it's at least a yellow one. Not being a scam isn't an excuse to not make a minimal effort to not look a bit like one.
  • Clive_FarrerClive_Farrer Forumite
    6 Posts
    Fifth Anniversary First Post
    Forumite
    Thank you all for your research I will Hold Fire untill i can be assured of my next move.
Sign In or Register to comment.
Latest MSE News and Guides

Is your local HSBC closing?

114 branches to shut in 2023

MSE News

Advent Competitions

The countdown is on

MSE Forum

Baileys £10 for 1L at Tesco

When you scan your Clubcard

MSE Deals