KBFS FINANCIAL LIMITED
Why can you claim for compensation or redress against KBFS Financial Limited?
The Financial Services Compensation Scheme has declared KBFS Financial Limited (FRN 831504) as under investigation as of 9th April 2024.
The firm is no longer authorised by the FCA, so the FSCS is now considering claims against them.
Background
According to the FCA register The company had its authorisation revoked on 09/02/2024.
This company is associated with claims regarding the British Steel Pension Scheme. The firm’s failure was primarily due to its involvement in providing unsuitable pension transfer advice, particularly to members of the British Steel Pension Scheme (BSPS). The Financial Ombudsman Service (FOS) upheld complaints from five clients who had been advised by KBFS to transfer out of their defined-benefit occupational pension schemes, determining that the advice was inappropriate. KBFS Financial Limited failed to pay the redress awarded by the FOS to these clients and did not engage with the FCA in an open and cooperative manner.
Who was involved?
The following is a list of individuals who were previously involved in regulated activities at Kathryn Brown.
Kathryn Brown, Callum Brown and Michael Brown
How can we help?
We have helped thousands of customers on a no-win no-fee basis get the compensation and justice they deserve when making claim against regulated companies like Kathryn Brown.
How does it work?
The first step is a free no-obligation consultation, you can learn more about services on our making a claim page.
Once we have assessed your claim, if we believe you are due compensation then we will help you build the best possible complaint by launching a full investigation, gathering evidence from all the relevant parties to package your claim and submit to the Financial Services Compensation Scheme. We will argue your case to ensure you receive the maximum amount of compensation available to you.
Seek Claim Advice Today
We offer an expert pension consulting service. One of our experts will be able to talk through your options and tell you what the best option for you is. If you do decide to use our services, then know that our fees are very reasonable. However, you need to act fast as there may be time-barring restrictions in place.
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
NB: Information for this page was gathered on 15/04/2024 from the following sources, FSCS Website, FCA Register, Companies House Register and is to our knowledge accurate as of that date.
Company background (public record)
The company was incorporated at Companies House on 23 March 2017 under company number 10688208. Its status at Companies House is recorded as active.
Registered office: Lynch Lane Offices Egdon Hall, Lynch Lane, Weymouth, Dorset, DT4 9EU, United Kingdom.
Nature of business (SIC): 74909.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 23 Mar 2017 | Company incorporated | Companies House |
| 23 Mar 2017 | Kathryn Brown appointed director | Companies House |
| 23 Mar 2017 | Nicholas Brown appointed director | Companies House |
| 01 Jul 2019 | Kathryn Agnes Brown approved by the FCA at the firm | FCA Register |
| 01 Mar 2020 | Michael Brown appointed director | Companies House |
| 24 Mar 2021 | Michael Brown approved by the FCA at the firm | FCA Register |
| 30 Mar 2021 | Michael Brown resigned as director | Companies House |
| 30 Aug 2021 | Callum Brown approved by the FCA at the firm | FCA Register |
| 09 Feb 2024 | FCA status recorded as: Revoked | FCA Register |
| 09 Apr 2024 | Declared in default by the FSCS | FSCS |
Who was involved?
The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.
- Kathryn Agnes Brown. Listed on the FCA Register as having held CPD11 – Pension transfer specialist (from), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), CF30 Customer (01/07/2019 to 08/12/2019) at the firm.
- Callum Brown. Listed on the FCA Register as having held [FCA CF] Client dealing (30/08/2021 to 31/12/2022), [FCA CF] Functions requiring qualifications (30/08/2021 to 31/12/2022) at the firm.
- Michael Brown. Listed on the FCA Register as having held [FCA CF] Client dealing (24/03/2021 to 13/01/2022), [FCA CF] Functions requiring qualifications (24/03/2021 to 13/01/2022) at the firm.
- Kathryn Brown. Listed at Companies House as director (appointed 2017-03-23).
- Nicholas Brown. Listed at Companies House as director (appointed 2017-03-23).
Review page sources: FCA Register (FRN 831504) · Companies House (10688208) · FSCS. Public records, provided for transparency.
