Surrey IFA declared in default by FSCS over pensions advice

The FSCS told Professional Adviser that is has received five claims so far relating to Sigma Asset Management's pensions advice. None were related to the British Steel Pension Scheme. One claim has now been upheld triggering the default declaration. The Surrey-based financial advice firm is no longer authorised by the Financial Conduct Authority (FCA) and has not been permitted to carry out regulated activities since October 2024. According to the FCA Register, Sigma Asset Management previously held authorisation but ceased trading and is now listed as no longer authorised. A st...