Pension firms that have gone bust in 2024

Pension planning can sometimes feel like a tricky part of your financial future, and news of pension providers going out of business doesn’t help with those worries.

In 2024 alone, many pension companies have gone under, leaving their customers concerned about the safety of their retirement savings.

In this post, we’ll look at why this is happening, share a list of the businesses affected, and explain what steps to take if your pension company is one of them.

This guide covers:

• Why have so many pension providers gone bust in 2024?
• The pension providers that went bust in 2024
• What to do if your pension provider has gone bust

Why have so many pension providers gone bust in 2024?

There are a few things that have led to the closure of pension providers this year.

From economic shifts putting pressure on smaller firms to regulations forcing providers to meet higher standards, not all companies have been able to keep up.

And let’s not ignore the possibility of poor management in some cases, too.

While it’s always troubling when a financial institution like a pension provider collapses, it’s important to remember that there are systems in place to protect your funds.

The pension providers that went bust in 2024

Here’s a list of the pension providers that have gone out of business in 2024.

• Go IFA Ltd
• Abana Unipessoal
• PH7 Wealth Management
• Ashworth Wealth
• Pella Associates
• Oakwood Financial Management
• Sterling Green Ltd
• Aqua Financial Services
• Intelligent Money
• Hartley Pensions
• Thorn Investment and Pension Services
• Green Gem Financial Ltd
• Holistic Pension Transfer Specialists (HPTS)
• MacInnes & Bottomley
• Broadlands Partnership
• Chestergate Financial Services Ltd
• Alexander David Securities Ltd
• D&G Financial Services
• Frodsham Financial Planning
• Life Time Independent
• Atlantic Investors
• Fresh Financial Solutions LLP
• Niche Independent Financial Advisers Ltd
• Strategic Investment Solutions
• Abbey Lane Financial Associates Ltd
• WR Simon Ashley Silver Independent Financial Advisor

If you have a pension with one of these firms, contact Spencer Churchill Claims Advice today to secure your retirement.

We have years of experience handling financial claims, so you can be confident your pension is in good hands with us.

Don’t wait to find out if your retirement savings are at risk—reach out to our experts today for a free review to protect your future.

What to do if your pension provider has gone bust

If your pension provider is on this list, you should know what steps to take next.

First, don’t panic—your pension savings may still be protected, even if the provider is no longer in business.

Most pensions are covered by the Financial Services Compensation Scheme (FSCS), which helps make sure your funds are safe if a provider goes bust.

Here are the first steps you should take:

• Check your provider’s status – Confirm whether your provider is officially on the list of companies that have gone out of business.
• Get in touch with our experts – If you’re unsure about what to do next, the financial claims experts at Spencer Churchill Claims Advice will help get you back on track.

Protect your pension – get expert help today

If you’re concerned about your pension provider going bust, don’t leave your financial future to chance. The expert team at Spencer Churchill Claims Advice is here to help you make sure your retirement fund stays right where it should be.

Reach out today for a free mis sold financial claim consultation, and we’ll walk you through your options. Are you ready to protect your financial future?