Active Wealth (UK) was the first firm that povided advice to British Steel Pension Transfers employees to cease providing pension transfer advice - after Financial Conduct Authority (FCA) intervention.
The firm was previously known as Active Investment Services - a firm that had to close because of previous pension transfer complaints against it.
Active Wealth had a relationship with an "unregulated" introducer ( ie. a firm not regulated by the FCA). The directors of Active Wealth and Celtic Wealth were asked to give evidence to a parliamentary committee about their work - they failed to turn up.
It was announced on 5th February 2018 that Active Wealth was being wound up "voluntarily" and a liquidator was appointed. This meant that claims could not be brought directly against the firm, or via the Financial Ombudsman Service
In the UK, claims against former advice firms which were regulated by the FCA - such as Active wealth - can be brought via the Financial Services Compensation Scheme (FSCS). This is an area where the partners here at Assist.Claims have proven expertise and success. Our claims are no win - no fee - if we don't win a compensation award for you, you don't pay us a penny.
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