Active Wealth (UK) Ltd pension claims
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Transferred your British Steel Pension after advice from Active Wealth (UK) Ltd? They seem to have lost their Pension Advice authorisation relating to their conduct over BSPS transfer advice, and are now in liquidation.
If YOU took advice from Active Wealth UK Ltd, are you ready for a second opinion on that advice? You may be entitled to make a final salary pension transfer claim!
Late 2017 had the financial news outlets filled with concerns over the pension transfer advice being given to British Steel Pension Scheme members, with comments made that some were subject to “fear tactics” in order to transfer pensions away from British Steel.
Mentioned often and even summoned by MPs from the Work and Pensions Select Committee, Active Wealth UK Ltd has been cited as at the “centre of the British Steel saga”, and after voluntarily agreeing with the financial services watchdog to cease giving new advice on pensions, Active Wealth is now in liquidation.
Check to see if you can make a claim for negligent financial advice by having a chat with our experienced case assessors for free using our call-back service.
Compensation for Active Wealth UK advice
If you did indeed take advice from Active Wealth, you wouldn’t be alone in reading about compensation, as the FSCS has now paid out over £3.5m in claims over Active Wealth (UK)!
The team at Spencer Churchill Claims Advice are specialists in mis-sold pension claims.
Check out our mis-sold pension claims process to find out how we get the job done, or call in on 01204 929929 for a free initial assessment!
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Let’s rewrite your financial story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Can you make an Active Wealth (UK) Limited claim?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of final salary pension transfers few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
If you transferred a final salary pension such as from British Steel then you may have been mis-sold.
Final salary pensions are considered to be gold-plated, and offer a guaranteed income in retirement.
Transferring may have needlessly risked your defined benefits, and you may have lost money without realising it.
Active Wealth UK timeline
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Company formed
2014
28 July 2014 saw Active Wealth (UK) Ltd, born in Glossop.
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British Steel Pension issues
2017
In 2017, the situation with the British Steel Pension Scheme (BSPS) began to come to a head. Due to restructuring, pension scheme members were given a few choices, including staying with the old scheme, moving to a new scheme, or leaving completely.
We now know that many financial advisers took advantage of this, using “fear tactics” to drum up big money transfers away from British Steel, despite it often not being in the pension holder’s best interests.
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Mis-selling stats
2018
January 2018 brought the news that an estimated 1 in 3 transfers away from BSPS may have been mis-sold.
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Liquidation
2018
Finding itself at the centre of the storm over some of the advice it gave to BSPS members, Active Wealth (UK) Ltd went into liquidation.
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Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have you been a victim of financial mis-selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
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Spencer Churchill Claims Advice will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
Find out how much you could claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
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