Liquidated

Were you advised by Active Wealth (UK) Ltd?

Active Wealth has been liquidated. BSPS members placed into Greyfriars SIPPs may have Route 3 FSCS claims available now.

Check Whether You Have a Claim Time Limits Guide
£40,000 Claim band from
9/10 Opportunity score
UK Domestic Segment
Route 3 Primary route
Firm Assessment

● Firm in Liquidation | FSCS Route Active | Greyfriars SIPP-Linked | 153 Confirmed BSPS Cases

What happened

Active Wealth (UK) Ltd was a South Wales financial advice firm that advised 153 confirmed British Steel Pension Scheme members to transfer their defined benefit pension entitlements. The firm has since entered liquidation and no longer trades.

Many Active Wealth clients were placed into Greyfriars Asset Management SIPPs, which invested in high-risk assets. The average Cash Equivalent Transfer Value for Active Wealth's BSPS clients is understood to be approximately £398,000.

Route 3 FSCS claims are now available. For losses above £85,000, Route 4 civil litigation against the SIPP operator is assessed in parallel.

Who this affects

BSPS members and other clients advised by Active Wealth to transfer their defined benefit pension, particularly those placed into Greyfriars Asset Management SIPPs between approximately 2015 and 2019.

Claim Routes

Which Routes Apply to This Firm

Based on this firm's current regulatory status, the following routes are available. Primary route is listed first.

Route 3

FSCS Claim (Failed Firm)

Direct claim to the Financial Services Compensation Scheme where your adviser firm has closed, entered administration, or been declared in default. Government-backed compensation of last resort.

FSCS pays up to £85,000 per person, per firm for pension advice mis-selling. For losses above this limit, Route 4 is assessed in parallel.
Questions & Answers

Frequently Asked Questions

Active Wealth has closed. Have I lost my right to claim?
No. The FSCS exists precisely for situations where your adviser firm has failed.
What is a Greyfriars SIPP?
Greyfriars Asset Management was the SIPP operator used by Active Wealth. You may have additional Route 4 claims against the SIPP operator.
My loss exceeds £85,000. What are my options?
Route 4 civil litigation is uncapped. We assess this alongside the Route 3 FSCS claim for all cases where losses may exceed £85,000.
Urgent — Act Promptly

Time Limits on Your Claim

Pension mis-selling claims are subject to strict DISP and Limitation Act time limits. Missing a deadline can permanently bar your right to compensation.

⚠ Do Not Delay

The firm's liquidation does not extinguish your right to claim. FSCS time limits apply from the advice date. View our time limits guide.

View the full time limits guide →

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Our SRA-regulated solicitor partners assess every case individually — free of charge, with no obligation to proceed.

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Also Reviewing

Other Firms Under Assessment

Redress Advisory is reviewing pension transfer advice from a range of firms. If your adviser is listed below, a dedicated claim page is available.

Named firms with dedicated pages
Pembrokeshire Mortgage CentreVintage Investment ServicesCeltic Wealth ManagementTenet GroupLighthouse Financial AdviceSt James's PlaceHolistic Pension Transfer SpecialistsWellington Court Financial ServicesGuinness Mahon Trust CorpPurely Pensions / Purely FinancialBrite Advisory GroupdeVere GroupAES InternationalChase BuchananGuardian Wealth ManagementFiduciary Wealth ManagementHolborn Assets

Important Notice

Redress Advisory Ltd (Company No. 17295681) is a technology platform that provides case assessment and referral services. Redress Advisory is not a claims management company and is not regulated by the Financial Conduct Authority as such. All regulated claims management activity and legal work is carried out exclusively by our Operating SRA Partner (OSP) solicitor firms, each of which is independently authorised and regulated by the Solicitors Regulation Authority.

You do not need to use Redress Advisory or a solicitor to pursue a pension mis-selling complaint. You can complain directly to the financial firm, escalate to the Financial Ombudsman Service (FOS), or apply to the Financial Services Compensation Scheme (FSCS) yourself, free of charge. If you instruct a solicitor through our OSP partner panel, their fees will reduce any compensation you receive.

The information on this page is for general informational and educational purposes only. It does not constitute legal, financial, or regulated advice of any kind. Individual outcomes depend on the specific facts of each case.

FOS: 0800 023 4567  |  FSCS: 0800 678 1100  |  FCA Register: register.fca.org.uk