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Whitebridge Financial Planning

Whitebridge Financial Planning Ltd was a financial advice firm based in Newcastle.

It is one of the companies associated with claims regarding the British Steel Pension Scheme (BSPS).

Whitebridge Financial Planning Ltd is no longer trading and was declared in default by the Financial Services Compensation Scheme (FSCS).

Can I still claim compensation if my Adviser is in default?

If your Adviser is declared in default it means the FSCS have established that there are protected claims against them. And that your Adviser or firm are unable or unlikely to be able to pay the compensation.

When this happens, the FSCS steps in and can pay compensation to eligible claimants.

This means you can still make a claim for compensation against Whitebridge Financial Planning Ltd but the FCSC will process the claim.

The maximum compensation award the FSCS can pay an individual in relation to a claim against Whitebridge Financial Planning Ltd is £85,000.

What happened with the British Steel Pension Scheme?

In 2017, many British Steel workers were advised to transfer from their defined benefit pension into a defined contribution pension.

Also known as Personal Pension Plans or a Self-Invested Personal Pensions (SIPPs).

The advice they received may not have been the best advice for them.

By transferring to a private pension arrangement, they would have lost the benefits already built up in the British Steel Pension Scheme.

Also, to achieve the same level of benefits from their new plan may not be realistic.

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

The BAD news:

Pension mis-selling has cost pension savers BILLIONS of pounds

The GOOD news:

Compensation payments are hitting record figures every year

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

Enquire now to check if you were mis-sold, our initial assessment may be able to help you.

It’s free, and there’s absolutely no obligation to use our service if you have a case.

Can I make a claim against Whitebridge Financial Planning Ltd?

1

You may be able to make a claim if you were given unsuitable pension advice by Whitebridge Financial Planning Ltd

2

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

3

It could also be that your attitude to risk wasn’t 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.