The Financial Services Compensation Scheme has declared Mark Peter Houlbrook in default.
The claims faced by Houlbrook concerned pension transfers and self-invested personal pensions.
He has been declared in default over one claim, with two others not being stood up by the FSCS.
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Houlbrook’s now closed down Yorkshire-based firm, Thorn Investment and Pension Services, was one of those involved with British Steel pension scheme member advice.
In April this year the FCA said it had found that many BSPS members suffered financial loss after being advised to transfer out of the scheme, with 46% of all transfers taking place being unsuitable.
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