Another British Steel advice firm fails
UK lifeboat scheme has already received six claims against it
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
UK lifeboat scheme has already received six claims against it
Total compensation now stands at around £30m
Clients may be eligible for compensation
7,700 members could have received unsuitable advice which saw £2.8bn transferred out
Deal to sell business and assets fell through
The decision notice will only take effect if Upper Tribunal supports the watchdog’s findings
Bad news travels fast and folklore can create a general mistrust of the industry
Amid concerns reparations could have a ‘significant impact’ for markets and pension freedoms
Even those happy with the transfer encouraged to come forward
One company was reportedly involved in British Steel Pension Scheme scandal
It stopped offering DB transfer advice and suspended its permissions in 2017
UK lifeboat scheme is now accepting claims against the company