Welsh firm declared failed by FSCS over pensions advice

Claims can now be made against Broadlands Partnership

Isabel Baxter
clock • 1 min read

Bridgend-based firm Broadlands Partnership has been declared failed by the Financial Services Compensation Scheme (FSCS).

In a statement released on Friday (14 June), the FSCS said the firm no longer exists, and customers can make claims against it. The lifeboat fund said it has received eight claims against Broadlands Partnership relating to pensions advice and one has been upheld and seven have been unsuccessful. It also confirmed that the claim was not associated with British Steel Pension Scheme transfers. According to the Financial Conduct Authority register, Broadlands Partnership has no longer been authorised since August 2018. The failed firm has traded as Concept Wealth Management, Wynne E...

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

Salary sacrifice change to 'hit' more than three million workers

Salary sacrifice change to 'hit' more than three million workers

Government releases impact assessment

Jen Frost
clock 05 December 2025 • 3 min read
Andrew Tully: Plummeting pensions confidence is 'siren call' for wide-reaching action

Andrew Tully: Plummeting pensions confidence is 'siren call' for wide-reaching action

'We're seeing a deep erosion of trust in the retirement system'

Andrew Tully
clock 05 December 2025 • 3 min read
When is a SIPP not a SIPP? Time for a terminology rethink

When is a SIPP not a SIPP? Time for a terminology rethink

'I would suggest that it’s time to review the use of the term SIPP,'

Caitlin Southall
clock 01 December 2025 • 4 min read