£250k paid to shareholders after BSPS adviser entered liquidation - now claims at FSCS's door

Paid £250k to shareholders after voluntary liquidation

Ayesha Venkataraman
clock • 5 min read

The Financial Services Compensation Scheme (FSCS) has received 30 claims from former customers of John Dyer (Life & Pensions) Ltd, some of which were related to advice on British Steel transfers.

Clarke Willmott, a solicitor firm that has handled hundreds of pensions claims relating to British Steel workers, has confirmed it is acting for a dozen former clients who were all advised by Swansea-based John Dyer (Life & Pensions) to transfer out of the British Steel Pension Scheme (BSPS).  Some of these clients were advised by Wayne Stronach, a former director of the firm, who then moved to adviser firm Watermark Financial Planning, which was an appointed representative of Sanlam Partnerships until 3 December 2021. It is located next door to John Dyer (Life & Pensions)'s premises (se...

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

Why the personal advice touch will thrive amid generational digital disruption

Why the personal advice touch will thrive amid generational digital disruption

Growing appetite for protection amongst younger people

Roger Brosch
clock 07 February 2025 • 4 min read
Financial planning shifts from 'sales-based to experience-based' industry

Financial planning shifts from 'sales-based to experience-based' industry

Sector shifts towards inclusivity and client experience

Sahar Nazir
clock 07 February 2025 • 2 min read
FCA: 'We need to deliver policy quickly' to tackle advice gap

FCA: 'We need to deliver policy quickly' to tackle advice gap

Sara Woodroffe stressed the need for swift action amid advice/guidance boundary review

Sahar Nazir
clock 07 February 2025 • 2 min read