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The Financial Planning Practice Ltd

Failed 11/08/2023

FRN: 223388

The Financial Planning Practice Ltd was declared in default by the Financial Services Compensation Scheme in August 2023.

The firm is no longer trading and has been in the process of liquidation since January 2023.

The FSCS confirmed that The Financial Planning Practice Ltd is one of many firms associated with claims regarding British Steel Pension Scheme (BSPS).

In 2017 BSPS members faced a decision over the future of their pensions which resulted in thousands receiving advice to transfer out of the Defined Benefit scheme into personal pension plans. These are also known as SIPPs (self-invested personal pensions).

However that advice was not suitable for many BSPS members who are now seeking redress.

 

The Financial Planning Practice Ltd FSCS claims

As this firm is no longer trading and has been declared in default, claims will now be processed by the Financial Services Compensation Scheme (FSCS).

The FSCS is the UK’s statutory compensation scheme. It exists to protect customers of regulated financial services firms, in the event that they fail and can’t pay claims made against them.

According to FTAdviser, the FSCS has reportedly received five claims against The Financial Planning Practice Ltd, involving pension transfer advice and SIPPs .

You can make a claim yourself for free with the Financial Services Compensation Scheme.

 

Here’s some links that may help you get started …

Financial Services Compensation Scheme
FSCS Making a claim
FSCS Contact Us

Money Helper
How to spot a pension scam

Money & Pensions Service
How MaPS can help those who have been scammed on their pensions

 

Looking for help with your claim? Our service can handle it for you

We specialise in mis-sold pension and investment compensation claims.

Our claims service includes full investigations and total management of your claim on your behalf.

Our success fee is calculated at 15%+VAT (total 18%) of the gross amount of compensation offered to you and is capped at £7,500 + VAT.

 

Check if you have a case with our initial assessment 

If you’re not sure if you have a case against The Financial Planning Practice Ltd or any other advice firm– our initial assessment can help.

It’s simply a chat with one of our friendly experts who can tell you if we think you have a case.

It’s free, confidential and there’s absolutely no obligation to use our claims service (or any other) to make a claim.

Just fill in the form below to arrange a call back at a time that suits you! 

Key Facts

1
The Financial Planning Practice Ltd was declared in default by the Financial Services Compensation Scheme in August 2023
2
If you’re not sure if you have a case our initial no obligation assessment could help

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.