FSCS declares Stoke-on-Trent advice firm failed for pension transfer advice

Norrix Financial Services was dissolved this month

Isabel Baxter
clock • 1 min read

Norrix Financial Services, formerly RNAMK, has been declared failed by the Financial Services Compensation Scheme (FSCS) over pensions advice.

The FSCS confirmed to PA that one complaint has been upheld, leading to the default declaration, while one has been rejected and one is in progress. All three complaints were for pension transfer advice, and none related to the British Steel Pension Scheme, the lifeboat fund confirmed.  According to the Financial Conduct Authority register, the Stoke-on-Trent-based firm was first registered in August 2003 however it has not been authorised since November this year. Companies House indicates that the firm was incorporated in October 2002 and dissolved in November. This latest update by...

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

David James CEO on 'filling the gap' between one-man IFAs and consolidators

David James CEO on 'filling the gap' between one-man IFAs and consolidators

‘We’re not trying to be the biggest wealth manager’

Isabel Baxter
clock 04 September 2026 • 5 min read
Nucleus posts £61.5m profit in 2025

Nucleus posts £61.5m profit in 2025

Revenue rose 3.5% to £225m

Isabel Baxter
clock 04 September 2026 • 2 min read
Lync Wealth Management acquires two Belfast advice firms

Lync Wealth Management acquires two Belfast advice firms

Carleton Financial Planning and RJ Savage Asset Management

Isabel Baxter
clock 03 September 2026 • 2 min read