£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...

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