Free assessment for DB pension transfer, SIPP, and QROPS mis-selling claims for Sheffield pension mis-selling claims. Four regulated routes to compensation.
Start your free assessment →Sheffield has one of the UK's largest concentrations of former steelworkers and heavy industry employees with defined benefit pension rights. The Sheffield and South Yorkshire region was significantly affected by the BSPS mis-selling scandal, with workers from British Steel's Sheffield operations and related industries approached during the 2017–2018 transfer review period.
Sheffield and South Yorkshire also has a significant population of workers from the NHS, local government, and manufacturing sectors who received unsuitable DB transfer advice from adviser firms operating in the region. Multiple firms serving the Sheffield area are now in FSCS default or subject to FOS upheld decisions.
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.