The Financial Services Compensation Scheme (FSCS) has received 34 complaints from former Active Wealth UK clients, the adviser embroiled at the centre of the British Steel Pension Scheme controversy.
The compensation fund is yet to make any payments to Active Wealth UK customers and could not give an estimate of the eventual cost the claims might add up to. In February, Active Wealth entered liquidation...
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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