FSCS declares Sheffield wealth firm failed over pensions advice

British Steel-related claims made against Green Wealth Management

Isabel Baxter
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has declared Green Wealth Management in default over pensions advice, with several claims related to British Steel advice.

The lifeboat fund confirmed to PA that the Sheffield-based firm was declared in default by the FSCS yesterday (3 March), when the first claim was upheld. So far there have been eight claims in total relating to pension advice. The FSCS confirmed that several of the claims are British Steel Pension Scheme related. "This firm is no longer trading, so you may be able to make a claim against it," the FSCS' notice stated. The Sheffield-based firm went into voluntary liquidation in 2021, Companies House filings show. According to Companies House filings, the firm was incorporated in 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

Quilter unveils targeted support plans as platform AUM hits £104bn

Quilter unveils targeted support plans as platform AUM hits £104bn

Platform flows surge to £8.7bn

Isabel Baxter
clock 04 March 2026 • 4 min read
7IM acquires £1bn AUM CPN Group

7IM acquires £1bn AUM CPN Group

CPN Financial Services team will join Amicus Wealth Management

Isabel Baxter
clock 03 March 2026 • 3 min read
Walker Crips CEOs on turning the business around under PhillipCapital

Walker Crips CEOs on turning the business around under PhillipCapital

Firm eyes new investment brand and structured investment fund launch

Isabel Baxter
clock 03 March 2026 • 4 min read