If Green Wealth Management Ltd advised you to transfer a pension, including a British Steel (BSPS) pension, or move your savings into unsuitable investments, you may be owed compensation through the FSCS. We can check for free.
FRN: 729066
Status: Failed, declared in default by the FSCS on 3 March 2026
Based: Sheffield / Aston, South Yorkshire
Issue: Pension and investment advice, including defined-benefit (BSPS) transfers
Claim route: FSCS, up to £85,000 per eligible person
What happened to Green Wealth Management?
Green Wealth Management Ltd was a financial advice firm based in the Sheffield area, incorporated in August 2011. The firm went into creditors’ voluntary liquidation in August 2021, and its authorisation on the Financial Conduct Authority (FCA) register came to an end on 1 August 2025. On 3 March 2026, the FSCS formally declared the firm in default. That means at least one claim has been upheld, and the firm cannot meet its liabilities.
The claims reported so far relate to pension and investment advice. Several are linked to the British Steel Pension Scheme (BSPS), where steelworkers were advised to give up a valuable, guaranteed final-salary pension and transfer into a personal arrangement.
Why you may be able to claim
When a regulated firm gives unsuitable advice and then fails, the FSCS can step in and pay compensation on its behalf. You may have a claim if Green Wealth Management Ltd advised you to:
- Transfer a defined-benefit or final-salary pension (including British Steel / BSPS) into a personal pension or SIPP
- Move a workplace or personal pension into a new arrangement that left you worse off
- Invest your pension or savings in high-risk or unsuitable funds
- Take on charges or risks that were never properly explained to you
The defined-benefit transfer issue is particularly significant. The FCA found that around 46% of BSPS transfer advice it reviewed was unsuitable. Giving up a guaranteed pension is rarely in a member’s best interest, and many people who did so are now materially worse off.
How much compensation could you receive?
For unsuitable pension and investment advice, the FSCS can pay up to £85,000 per eligible person. The actual amount reflects the loss you suffered. For a defined-benefit transfer, that is typically the cost of restoring the benefits you gave up. Use our redress calculator for an indication of what your claim could be worth.
How to claim against Green Wealth Management Ltd
1. Check your eligibility. Tell us briefly what you were advised to do, start here or request a call back.
2. Free consultation. A case manager (not a call centre) will give you an honest view on whether you have grounds to claim.
3. We build your case. We gather the advice and transfer paperwork and, where needed, instruct experts to calculate your loss.
4. We submit your FSCS claim and see it through, making sure you receive the correct amount.
