Recovering your hard-earned investments can be a challenging process, especially when dealing with companies like Westway Holdings Limited. With recent developments surrounding Westway and the mis-selling of pension claims, it's crucial to stay informed and take action.
In this article, CP Financial Claims brings you the latest updates and offers guidance on how to reclaim your capital invested in Westway Bonds or through an ISA. Discover the facts, explore the options, and empower yourself to seek the compensation you deserve.
Westway Holdings Ltd: An Overview
Westway Holdings Limited, an investment company that once held promise, faced a significant setback when it went into administration in May 2020. MHA MacIntyre Hudson LLP was appointed as administrators on 15th May 2020, and subsequently, Quantuma took over as joint administrators on 11th September 2020.
This turn of events left Westway investors grappling with uncertainty and financial concerns.
Scammers Exploiting Westway Client Data
In recent media coverage, alarming news has emerged regarding scammers obtaining Westway client data and using it to target investors. These scammers resort to cold-calling and even writing to investors, posing as Quantuma, the joint administrators. It is essential to remain vigilant and report any suspicious calls, emails, or letters to the police and Action Fraud.
Quantuma has addressed this issue on their website (www.quantuma.com), providing detailed information and urging investors to be cautious.
Concerns Over Asset Valuation and Independent Trustees' Failure
Investors who put their trust in Westway and its investment products, such as Westway Bonds and ISAs, are understandably concerned. Despite the marketing claims of the investments being "asset-backed," the administrators have struggled to identify and value these assets effectively.
The appointed independent trustees, More Group Capital Services Limited, failed to protect investors' interests throughout the process, raising questions about their effectiveness.
Regulatory Gaps and Financial Compensation
One crucial aspect to note is that neither Westway Holdings Limited nor its investment products were regulated by the Financial Conduct Authority (FCA). As a result, claims against Westway are not covered by the Financial Services Compensation Scheme (FSCS). This lack of regulatory oversight further highlights the challenges faced by investors seeking compensation for their losses.
Exploring Potential Claims and Linked Firms
If you invested in Westway through your pension or an ISA, there is hope for recovering your capital. CP Financial Claims has conducted extensive research to successfully pursue claims on behalf of clients. By partnering with us, you can seek to recover your invested capital, up to a maximum of £85,000.
It's essential to consider regulated firms that may have provided advice or arranged your investment in Westway. These firms include Copia Wealth Management, Ipsum Invest (an AR of Met Facilities), UK Stock and Bonds, Curzon Capital and European American Capital Services.
If you have been advised by any of these firms, complete the form on our website, and one of our experienced advisors will contact you to discuss your claim.
Delays in the Fraud Case: Impeding Justice for Westway Investors
The pursuit of justice for Westway investors has been hindered by frustrating delays in the fraud case. The mis-selling of pension claims and the exploitation of client data by scammers have only added to the complexity of the situation.
Despite the efforts of joint administrators Quantuma, progress in uncovering the truth and holding responsible parties accountable has been slower than anticipated.
The delays have resulted in increased anxiety and frustration for investors who eagerly await resolution and compensation. The inability to identify and value the assets of Westway Holdings Ltd has further exacerbated the challenges faced by the administrators. Independent trustees, More Group Capital Services Limited, entrusted with safeguarding investor interests, have seemingly failed to fulfil their responsibilities, prolonging the ordeal for those affected.
It is important for investors to stay informed and engaged during this process. Monitoring updates from Quantuma and other reliable sources is crucial to understanding the current status of the fraud case.
Additionally, reporting any scam calls, emails, or letters related to Westway to the police and Action Fraud is essential in combating fraudulent activities and protecting fellow investors.
While delays can be disheartening, it is crucial not to lose hope. CP Financial Claims continues to advocate for Westway investors, tirelessly working towards achieving a favourable outcome. Our team remains committed to navigating the intricate legal landscape, ensuring that your voice is heard and your rights are protected.
We understand the frustrations caused by these delays and assure you that we will do everything in our power to expedite the process and secure the compensation you deserve. Our experience in handling mis-sold pension claims equips us with the necessary tools to navigate challenges effectively, ensuring that your interests are prioritised throughout.
Trusted Support from CP Financial Claims
Unlike other claims management companies, CP Financial Claims takes on cases it believes can be won and operates on a no-win, no-fee basis (see terms and conditions for all information). We prioritise your success and do not charge for release if progress has not been made, setting us apart from many competitors in the industry, (again see our terms and conditions).
It's crucial to engage with only one claims management company to initiate the claims process, so ensure you have been released from any previous agreements before partnering with us.
Please fill the form in, at the bottom of the page, if you are interested in discussing your situation.
Recover Your Investments Today
Don't let the mis-selling of Westway Holdings Ltd pension products leave you with financial losses. Take action now and register your interest by completing the form on our website. Our team is dedicated to helping you recover the capital you have invested in Westway Bonds or through an ISA.
Let us navigate the complexities, fight for your rights, and seek the compensation you deserve.
Take action now and submit your contact details below for a free no-obligation chat.