Free assessment for DB pension transfer, SIPP, and QROPS mis-selling claims for Port Talbot steelworkers and BSPS pension mis-selling claims. Four regulated routes to compensation.
Start your free assessment →Port Talbot is the epicentre of the British Steel Pension Scheme (BSPS) mis-selling scandal. Thousands of steelworkers at Tata Steel's Port Talbot operations were approached by financial advisers during the 2017–2018 BSPS restructuring and encouraged to transfer guaranteed final salary pension rights into SIPPs.
The FCA found the advice given to Port Talbot steelworkers was systematically unsuitable. Multiple adviser firms that operated in Port Talbot and across South Wales are now in FSCS default — including Pembrokeshire Mortgage Centre, Active Wealth UK, and Celtic Wealth Management. The FCA's formal BSPS Redress Scheme (PS22/13) was established specifically to address this scandal.
Firms that gave BSPS transfer advice to Port Talbot steelworkers. All in FSCS default.
Where the firm is still trading. Mandatory first step. 8-week response requirement.
Free independent adjudication. 55–77% uphold rate on DB transfer cases nationally.
Where the firm has been declared in default by the FSCS. Direct claims open.
£85,000 per firmWhere losses exceed the FSCS cap or FSMA s.27 applies. Uncapped recovery.
UncappedThe FOS applies a 6-year absolute clock from the date of advice and a 3-year awareness clock from when you first knew about your loss. For advice given in 2018 or earlier, the absolute clock has expired — but FSCS, civil, and awareness clock routes may still be open. Obtain a formal assessment immediately. See redressadvisory.com/time-limits.
No obligation · No upfront cost · We will never cold-call you
You can complain directly to the firm, refer to the Financial Ombudsman Service or apply to the FSCS — all completely free. If you use the free routes, you keep 100% of any compensation.
| Redress received | Max % | Max fee |
|---|---|---|
| Up to £1,499 | 30% | £420 |
| £1,500–£9,999 | 28% | £2,500 |
| £10,000–£24,999 | 25% | £5,000 |
| £25,000–£49,999 | 20% | £7,500 |
| £50,000 and above | 15% | £10,000 |
Compensation is paid directly to you. We invoice after you receive your compensation. You pay nothing if unsuccessful. Source: FCA PS21/18 (Chapter 2, Table 1) & CMCOB 5.2. Excl. VAT.
Compensation is paid directly to you. We invoice after you receive your compensation. You pay nothing if unsuccessful. Source: FCA PS21/18 (Chapter 2, Table 1) and CMCOB 5.2. Excl. VAT.
Cancel any agreement with us within 14 days of signing, without charge or obligation. No questions asked.
Contact complaints@redressadvisory.com. If unresolved, refer to the Financial Ombudsman Service free of charge within 6 months of our final response.