Claims open as FSCS declares Bromsgrove advice firm in default

Lifeboat fund says claims relate to British Steel pension transfers

clock • 1 min read

Another advice firms has been declared failed by the Financial Services Compensation Scheme (FSCS), opening the door for clients to receive money they had lost as a result of their dealings with it.

FP Consulting - also trading as The Salmon Partnership, RMS Wealth Management, Honeypot Financial Services and Chilworth Financial Management - stopped trading last month. According to the Financial Conduct Authority's (FCA) register, the firm went into liquidation in June 2020. The Bromsgrove-based firm was set up in 2000 and, according to the FSCS, is also one of the companies associated with claims regarding the old, now-collapsed British Steel Pension Scheme (BSPS). Two individuals, Stephen Baker and Joanne Baker, are listed on the FCA register as firm directors. The FSCS to...

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