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Were you previously a member of the old British Steel Pension Scheme (BSPS)?

If so, you may be eligible for compensation if you transferred out.

Many people who transferred out of the scheme received unsuitable advice to do so, and hundreds of steelworkers have already complained about the advice they received.

Even if you’re happy with your decision to transfer out, you may still be eligible for compensation. Although many pensions have performed reasonably well / increased in value since being transferred out, it is likely those pensions would be worth far more had they never been transferred.

If you don’t make a claim, you may end up with less money in your retirement pot than you should have had. If you did receive advice to transfer out of the scheme, and you took that advice – please get in touch with us as you may be eligible for compensation.

SVS Securities plc was a wealth management firm that offered a range of services to its clients, including advisory stockbroking, online share dealing, foreign exchange trading and discretionary fund management services. 

The firm was placed in Special Administration in August 2019 after the FCA identified serious concerns about the way the business was operating. The special administrators (in conjunction with FSCS) set up a scheme which allowed most investors to get their client money and client assets returned to them.

However, the return of client assets and client money did NOT address the total losses that most investors have suffered – and we believe that SVS Securities plc are to blame for these additional losses.

If you invested through SVS Securities plc and suffered a financial loss, then please get in touch with us as you may be eligible for compensation.

For more information or to speak directly with one of our specialists:

You can call us now on  01977 517206  (Mon – Fri: 8:30am – 5:30pm) 

Outside of these hours please leave us a message and we will call you back at our earliest opportunity.

You can also simply fill in our contact form below hit “Submit” and one of our specialists will contact you as soon as we are available or you can email us directly at Enquiries@CMPLLP.com

Our Office address is: 272 Bath Street,Glasgow, G2 4JR 

• GPC SIPP (formerly Guardian SIPP)
• Lifetime SIPP
• Rowanmoor
• Berkeley Burke
• Pointon York

If you have transferred into a SIPP with one of the above, please call our claim line now on 01977 517206 (Mon – Fri: 8:30am – 5:30pm) as you may be entitled to redress.

Over the years many people have transferred their pension funds into unsuitable Self Invested Personal Pensions. Many pension funds were then invested into illiquid, high risk and complex investments that are not suitable for most people.

We can investigate if you believe your SIPP, or investment is unsuitable and act on your behalf making the claim for compensation.

For contact information please click here