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Acklam Financial Ltd

Did you receive pension advice from Acklam Financial Ltd?

Acklam Financial Ltd was a financial advice firm based in Middlesbrough.

They are one of several firms associated with unsuitable advice claims regarding the British Steel Pension Scheme (BSPS). 

In 2018 they were named in an FCA letter as one of 10 firms who had voluntarily given up its permissions after discussions with the FCA.

These permissions were for regulated activities relating to defined benefit pension transfers.

This meant they would stop providing pension advice.

In January 2022 Acklam Financial Ltd applied to cancel its FCA permissions altogether and is currently in liquidation.

What is the British Steel Pension Scheme “Debacle”?

During 2017, many British Steel Pension Scheme members were advised to transfer out of their defined benefit pension into a Personal Pension Plan or a Self-Invested Personal Pension (SIPP).

In doing so, they would have lost the benefits already built up in the British Steel Pension Scheme. It’s also unrealistic to expect they would achieve the same level of benefits from the new plan.

Many of the 8000 members who received unsuitable pension transfer advice are now claiming compensation.

Want to know if you have a mis-sold advice claim?

If you’d like to know more, our free initial assessment may be able to help you.

Whilst each case is individual, as mis-selling specialists, we know to look for certain signs that in our experience indicate mis-sold pension advice may have been given.


Our assessment is free, and there’s absolutely no obligation to use our service if you have case.


Can I make a claim against Acklam Financial Ltd?


If Acklam Financial gave you unsuitable pension advice, then you may be able to make a claim.


Unsuitable pension advice can mean you were given poor or negligent advice to move your pension.


It could also be that your attitude to risk was not accurately reflected in the choice of investment. Or the risks involved with investments were downplayed.

Arrange a free assessment to check if you have a case

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    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.