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

Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

More on Companies

Blevins Franks service targets UK advisers amid European tax 'education gap'

Blevins Franks service targets UK advisers amid European tax 'education gap'

‘This is a really natural home to sort things out’

Sophia Panayi
clock 07 August 2026 • 2 min read
Lockhart Capital Management receives PE minority investment

Lockhart Capital Management receives PE minority investment

Will remain majority owned and controlled by employees

Sophia Panayi
clock 06 August 2026 • 1 min read
Quilter pre-tax profits up 12% to £112m in H1

Quilter pre-tax profits up 12% to £112m in H1

Record core net flows of £6bn

Jenna Brown
clock 06 August 2026 • 2 min read