A number of former clients of the advice firm Active Wealth UK, have joined steelworkers in a legal challenge over their defined benefit (DB) pensions. Both the former clients and steelworkers were advised to transfer their DB pension into the same “poorly performing” fund – the Newscape Global Multi-Asset Conservative Fund. Active Wealth worked with the unregulated introducer firm Celtic Wealth Management – which has been accused of providing unregulated advice. Thousands of pension transfers have been made into unsuitable, high risk investments that have totalled over £1 billion.
If you have been affected by the above please contact our team today.