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

West Country firms achieve CISI chartered status

West Country firms achieve CISI chartered status

Dean Stevens WM and William Highbourne WM

Jenna Brown
clock 19 June 2026 • 2 min read
Charles Stanley to drop 200-year-old name in Raymond James rebrand

Charles Stanley to drop 200-year-old name in Raymond James rebrand

Follows 2022 acqusition

clock 18 June 2026 • 2 min read
Director payment dispute keeps adviser Jones Hill liquidation open after three years

Director payment dispute keeps adviser Jones Hill liquidation open after three years

Former advice business entered liquidation in 2023

Isabel Baxter
clock 17 June 2026 • 3 min read