Birmingham-based British Steel advice firm declared failed by FSCS

BlueSky Wealth Management was placed into liquidation in April

Isabel Baxter
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared BlueSky Wealth Management as failed.

The Birmingham-based wealth management firm is associated with the British Steel Pension Scheme (BSPS) scandal. The firm was placed into solvent liquidation in April this year and was placed under investigation by the FSCS. The FSCS told Professional Adviser that it has received eight claims so far that are all in progress and are pensions advice related. According to Companies House, the firm was incorporated on 5 November 2004 and was previously named BlueSky Agency. It was authorised in April 2006, according to the Financial Services Register. In 2017, many British Steel work...

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