FSCS declares British Steel-linked firm failed over pensions advice

Thorn Investment & Pension Services is no longer trading

Isabel Baxter
clock • 2 min read

British Steel Pension Scheme (BSPS) linked firm Mark Peter Houlbrook, trading as Thorn Investment & Pension Services, has been declared in default by the Financial Services Compensation Scheme (FSCS).

The West Yorkshire-based firm was declared in default by the lifeboat fund today (28 August). One claim against it has so far been upheld. There were three claims in total, but two have been rejected. The claims relate or related to pension transfers and self-invested personal pensions. Thorn Investment & Pension Services was also involved with BSPS-related advice. According to the Financial Conduct Authority (FCA) register, the firm has not been authorised since July 2020, meaning it can no longer provide regulated activities and products. Thorn Investment & Pension Services had b...

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

Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Profit before tax reaches £31.9m in 2024

Isabel Baxter
clock 08 July 2025 • 2 min read
FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Analytics and FE CashCalc integrated on Nexus platform

Isabel Baxter
clock 07 July 2025 • 1 min read
Shackleton adds £900m in AUM with Chetwood Group acquisition

Shackleton adds £900m in AUM with Chetwood Group acquisition

Fourth acquisition of 2025 for private equity-backed advice group

Jenna Brown
clock 03 July 2025 • 1 min read