A Claims Management Company

Phoenix Wealth Services Ltd.

Latest Update: 30th June, 2017 (FT Adviser)

Case Points

Total amount invested

Unknown

Why did people invest in it?

Phoenix Wealth Services, formerly AXA Wealth Services, was founded in 1988, and has a long history as a financial advice provider.

Why was it mis-selling?

In September 2013, the firm was fined £1,802,000 for failing to take reasonable care to ensure they provided suitable advice to customers.

Potential value of cases

Unknown

Summary

Phoenix Wealth Services Ltd was originally founded in 1988 as a financial advice firm. It was known as Provide Life (Pension Trustees) Ltd until 1995 when it was renamed Winterthur Pension Trustees UK Ltd. In 2010, the name was changed to AXA Wealth Services Ltd. In 2017, AXA was acquired by Phoenix Life and rebranded as Phoenix Wealth. The firm is authorised by the FCA under FRN 465753.

In 2013, when it was still known as AXA Wealth Services, the firm was fined by the FCA a total of £1,802,000 for failing to ensure that they took care to provide suitable advice to customers. Between September 2010 and April 2012, the FCA found that the firm had failed to have an adequate process to ensure that advisors fully respected the needs of clients and whether advice was suitable for the individuals in question.

You are likely to have a potential claim on the basis of advice from a regulated firm. The claim above is only an example of a potential claim. Each claim is judged on its individual merits and as such, we cannot guarantee that your individual claim will be successful or that you indeed may have grounds for a claim.

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