Maymont Wealth Limited (04621095): administration
- Status
- Administration ended
- Administration began
- 2022-03-14
- Administrators' firm
- Kroll
- Formerly
- GWM Investment Management Limited; Discover Wealth Limited; Discover Independent Financial Planning Limited; Discovery Lifestyle Mortgages Ltd; Guardian Lifestyle Mortgages Limited; Keystone Independent Limited; Guardian Wealth Management Limited
- Incorporated
- 2002-12-18
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
From the administrators' statement
• The Company historically traded profitably, generating sufficient revenue to meet its ongoing costs.
• Between June 2017 and 2021 the FCA conducted a supervisory review of historical advice provided by the Company to clients regarding the transfer of their defined benefit pension entitlements into other investments. The review included six files, out of a total population of 222 files involving similar advice.
e = =In March 2021, the FCA concluded that for each of the six files reviewed, the Company had failed to provide compliant and suitable defined benefit pension transfer advice.
Administrators' statement of proposals (2022-05-11) · Companies House register