Manchester firm declared failed by FSCS over pensions advice

Pension Advice Specialists, trading as Ashworth Wealth, no longer exists

Isabel Baxter
clock • 1 min read

Manchester-based advice firm Pension Advice Specialists, trading as Ashworth Wealth has been declared failed by the Financial Services Compensation Scheme (FSCS).

In a statement today (26 March), the FSCS said the firm no longer exists, so customers can make claims against it. The lifeboat fund said it has received 14 claims against Pension Advice Specialists relating to pension transfer advice and one has been upheld. It also confirmed that the claim was not associated with British Steel Pension Scheme transfers. According to the Financial Conduct Authority (FCA) register, Pension Advice Specialists is in an insolvency process and was authorised in March 2018. The failed advice firm traded as Ashworth Wealth from 2021-2022. This latest a...

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 Companies

West Yorkshire IFA applies to cancel FCA authorisation

West Yorkshire IFA applies to cancel FCA authorisation

WR Simon Ashley Silver Independent Financial Advisor has been declared failed

Isabel Baxter
clock 12 April 2024 • 1 min read
Business loan debt for SJP advisers soars after record year in 2023

Business loan debt for SJP advisers soars after record year in 2023

A 10% increase in transactions has taken the total owned to £900m

Isabel Baxter
clock 10 April 2024 • 1 min read
FCA revokes British Steel-linked advice firm's authorisation

FCA revokes British Steel-linked advice firm's authorisation

Investigating advice given prior to July 2019 from Kathryn Brown

Isabel Baxter
clock 09 April 2024 • 1 min read