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...

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 Pensions

British Steel pensions transfer advice debacle in numbers

British Steel pensions transfer advice debacle in numbers

‘The FCA continues to pursue those who gave poor advice’

Isabel Baxter
clock 29 July 2024 • 3 min read
SIPP clients remain comfortable taking risk at Hargreaves Lansdown

SIPP clients remain comfortable taking risk at Hargreaves Lansdown

Global equity funds dominating in SIPPs, Hargreaves Lansdown finds

Isabel Baxter
clock 10 July 2024 • 2 min read
Joint administrators begin transfer process for Hartley SIPP clients

Joint administrators begin transfer process for Hartley SIPP clients

Comes after the SIPP operator was declared in default by FSCS

Isabel Baxter
clock 05 April 2024 • 1 min read