'We were under extra scrutiny': Launching a Welsh financial planning firm after BSPS saga

Will carry out DB transfer advice

Hannah Godfrey
clock • 3 min read

Gavin Kingsley worked as an IFA in south Wales during the British Steel debacle and, here, he talks to Hannah Godfrey about launching a new firm located at the heart of the scandal that gripped the financial advice profession.

Sanctuary Financial Planning was launched by four directors - Gavin Kingsley, Gareth Shears, Shane Hyland and James Baker - just a few months ago in January. Kingsley, Shears and Baker had all worked together at Newport-based firm Niche IFA before making the decision to start their own business, while Hyland joined to form the quartet after running his own directly authorised firm HRW Consulting.  Niche IFA - a business Kingsley describes as "a great firm to work for" - stopped advising British steelworkers after it felt overwhelmed by men wanting to transfer out of their defined bene...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read