Advice giant Quilter is facing just shy of 50 complaints relating to advice given to British Steel workers by Lighthouse and an adviser from Quilter Financial Planning.
Professional Adviser can reveal Quilter is facing a total of 46 claims administered by solicitor firm Clarke Willmott, which is acting on behalf of steelworkers located in Port Talbot, Scunthorpe and Teesside. So far two of the claims are with the Financial Ombudsman Service (FOS). PA understands Quilter are aware of all 46 claims and are liable for those claims. The majority of the Quilter claims stem from advice given by Lighthouse. Lighthouse had a partnership with the steelworker's union Unite to provide financial advice to British Steel Pension Scheme (BSPS) members. Last year...
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