The Financial Services Compensation Scheme has listed 11 failed advice firms it declared in default in March in a move which will mean some British Steel Pension Transfer clients being compensated.

The FSCS move allows customers of the 11 firms to make a claim for compensation. The firm in default also include DFM provider Beaufort.

Alex Kuczynski, director of corporate affairs at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust.

“We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help.” 

Since it was launched in 2001, the FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

The full list of March defaults is below. Active Wealth was one firm involved in the BSPS pensions transfer issues which saw large numbers of British Steel pensions transfer their pension pots to other providers.

Declarations by FSCS from 1 March to 31 March 2018

GREATER LONDON

Beaufort Asset Clearing Services Limited, 63 ST. MARY AXE, LONDON, EC3A 8AA

Beaufort Securities Limited, 63 ST. MARY AXE, LONDON, EC3A 8AA

Mortgage Partner Services Limited t/a Blevins Franks Mortgage Services (formerly t/a Blackstone Franks Mortgage Services Limited), GABLE HOUSE, 239 REGENTS PARK RD, LONDON, N3 3LF

SOUTH EAST

Ebullio Capital Management LLP, RSM RESTRUCTURING ADVISORY LLP, HIGHFIELD COURT, TOLLGATE, CHANDERS FORD, EASTLEIGH, HAMPSHIRE, SO53 3TY

WEST MIDLANDS

Active Wealth (UK) Limited, GIPSY LANE, WILLENHALL, WEST MIDLANDS, WV13 2HA

NORTH WEST

Total Financial Control Limited, BRAMLEY HOUSE, 56 BRAMHALL LANE SOUTH, BRAMHALL, CHESHIRE, SK7 1AH

YORKSHIRE AND THE HUMBER

Alan Driver Financial Services, 5 HAIGH WOOD ROAD, COOKRIDGE, LEEDS, WEST YORKSHIRE, LS16 6PD

Approved Financial Solutions Limited, SUITE K, SHEFFIELD BUSINESS CENTRE, EUROPA LINK, SHEFFIELD, SOUTH YORKSHIRE, S9 1XZ

EAST MIDLANDS

R Kalisiak, C Wells & S Kalisiak t/a Goldsmith Insurance, 6 STRELLEY ROAD, ASPLEY, NOTTINGHAM, NG8 3AP

EAST

Regent Wealth Limited, 69 THE RIDGEWAY, NORTHAW, HERTFORDSHIRE, EN6 4BD

NORTHERN IRELAND

C3 Financial Services Limited (formerly t/a Foyle & Lagan Limited), 89 DEERPARK ROAD, BELFAST, BT14 7PW