Active wealth are another company that were mis leading clients into pension transfers and mis sold investments. If you feel you may have a pension claim or mis sold investment claim against Active Wealth we can help.
Active Wealth entered liquidation in February 2018 after the firm was told to cease any pension transfer activity by the regulator months earlier.
It was one of 10 firms which stopped giving transfer advice after they were identified as key players advising members of the British Steel Pension Scheme (BSPS) to transfer out of their defined benefit pensions into sipp pension schemes.
The firm had advised as many as 300 British Steel pension clients, of which 64 proceeded to transfer out of the British Steel pension scheme into alternative pension arrangements without taking further advice or realising the risks involved.
Active Wealth worked alongside unregulated introducer Celtic Wealth Management & Financial Planning, which referred the clients to the adviser.
For any help or advise get in touch with our expert pension claims team today.