FSCS declares Cheshire IFA failed for unsuitable pensions advice

Smith Holdings, trading as Life Time Independent, is no longer trading

Isabel Baxter
clock • 1 min read

Smith Holdings, trading as Life Time Independent, has been declared failed by the Financial Services Compensation Scheme (FSCS) after claims were made against it for unsuitable pensions advice.

The FSCS said today (24 January) that the Cheshire-based advice firm is no longer trading, so customers can make a claim against it. The lifeboat fund told Professional Adviser that it has so far received a total of four claims against Smith Holdings, one has been upheld and three were unsuccessful. These claims are all for unsuitable pension advice but none relate to the British Steel Pension Scheme (BSPS). According to Companies House, the firm was incorporated on 19 October 2005 and was dissolved on 15 March 2015. It was authorised in April 2006, according to the Financial Services...

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