Case details for Ivor John Jenkins

Name: Ivor John Jenkins

Name: Optimum Financial Solutions Limited

Date of Birth: 6 / 8 / 1964

Date Order Starts: 28 / 6 / 2019

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 03905337

Last Known Address: 11 Linacre Lane, , , , WIDNES, WA8 9DN

Conduct: From 30 June 2015 onwards, Ivor John Jenkins (“Mr Jenkins”) failed to ensure that Optimum Financial Solutions Limited (“OFSL”) complied with its required obligations as administrator of a pension scheme. In that:

  • OFSL failed to keep the records required as pension administrator;
  • OFSL failed to supply information to HMRC as required; and
  • OFSL failed to provide pension scheme members with information such as personal pension statements.
  • As a result, the pension holders failed to receive required information concerning their pensions and the newly appointed independent trustee has been unable to reconcile member accounts and identify assets.
  • For OFSL’s role as administrator of the pension scheme, he received a lump sum payment of £50,000 and a gross monthly income of £5,000. Additionally, he caused or allowed OFSL to be involved in the marketing of a pension scheme which according to the Pensions Regulator report published 20 June 2018, was clearly not being run in an appropriate manner, leaving pension members’ funds of over £13 million at risk. 

    This information is correct as at 7 / 6 / 2019

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