FSCS claims against British Steel adviser start piling in

The compensation fund is yet to make any payments to Active Wealth UK customers and could not give an estimate of the eventual cost the claims might add up to.   In February, Active Wealth entered liquidation following criticism for the advice it had given to British Steel workers. A notice on The Gazette said the company would be "wound up voluntarily". Active Wealth UK worked with unregulated introducer firm Celtic Wealth Management offering British Steel workers the chance to transfer out of their defined benefit pension for just £1,500. Many steelworkers who spoke with Professi...