Displaying items by tag: BSPS
FSCS declares Huddersfield BSPS-linked firm in default
The Financial Services Compensation Scheme has declared BSPS-linked adviser firm Mark Peter Houlbrook (FRN: 498168) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.
FSCS declares Birmingham BSPS-linked firm in default
The Financial Services Compensation Scheme has declared BSPS-linked firm Green Gem Financial Ltd (FRN: 400488) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.
FCA rejects accusations of poor response to BSPS fiasco
The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.
FSCS declares three pension and SIPP firms in default
The Financial Services Compensation scheme has today declared three financial advice firms as failed, including two SIPP-related and one linked to BSPS.
FCA removes 4A permissions of Weymouth BSPS adviser
The FCA has cancelled the permission of KBFS Financial Limited (FRN: 831504) to carry out regulated business following restrictions imposed in October over concerns about its failure to pay redress to former members of the British Steel Pension Scheme.
BSPS-linked adviser firm in default says FSCS
The Financial Services Compensation Scheme (FSCS) has declared BSPS-linked South Wales-based Niche Independent Financial Advisers Ltd (FRN: 472635) as failed.
BSPS adviser BlueSky Wealth Management fails
Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).
Swansea adviser banned for 'negligent' BSPS advice
Swansea Financial adviser Simon Hughes has been banned by the FCA and made to pay £158,600 redress for “negligent” pension advice which has led to £8m compensation being paid to his BSPS member clients.
FCA punishes 2 over BSPS transfer advice failings
The FCA has banned financial advisers Keith Dickinson and Andrew Allen for British Steel Pension Scheme transfer advice failings and ordered them to pay £155,000 in compensation.
40 BSPS adviser firms have failed so far
Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.