The structure of a Swansea advice firm has been called into question after pension transfer claims were made against its subsidiary that would leave the parent unscathed should the subsidiary become insolvent.
Welsh firm AW Dallas Financial Services - which trades as Portfolio Pension Consultancy - is facing seven claims relating to pension transfer advice it gave to steelworkers. AW Dallas is a subsidiary of Portfolio Financial Consultancy. According to Companies House, on 27 June 2017, Christian Roche and Gareth Jones, who are directors at Portfolio Financial Consultancy, became directors at AW Dallas. According to the Financial Services Register, AW Dallas operates from the same address as Portfolio Financial Consultancy and has the same website. The two are, however, separate legal enti...
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