Greyfriars Asset Management SIPP & DFM goes into administration

Greyfriars Asset Management LLP, a firm that dealt with both SIPP pensions and Discretionary Fund Management (DFM), has gone into administration. A note on the official public record (The Gazette) said that Greyfriars have appointed administrators from Smith & Williamson LLP on the 23rd of October 2018. What does “going into administration” mean? Going into administration…

Another Firm Connected With The British Steel Pensions Scandal Liquidates

More claims are expected for mis-sold pension transfers away from the British Steel Pensions Scheme after Retirement & Pension Planning Services enters into liquidation. Based in Barnsley, Retirement & Pension Planning Services entered into an agreement with the UK financial services regulator back in December 2017, which mean they would STOP all pension transfer business,…

Acklam Financial

Transferred Your British Steel Pension? Third Firm Pulls Out Of Giving Pension Advice

Acklam Financial, a firm that is known to have given advice to people over their British Steel pension, has stopped giving advice over defined benefits (DB) pensions. The Financial Conduct Authority (the UK’s financial watchdog) temporarily removed Acklams Financial’s permissions to advise on transfers that involved DB schemes, including things like British Steel pensions. In…