The UK Financial Conduct Authority (FCA) has cancelled the permissions of KBFS Financial Limited (KBFS), preventing the firm from providing any financial services.

KBFS failed to engage with the FCA in an open and cooperative way. KBFS also failed to pay redress awarded to former members of the British Steel Pension Scheme (BSPS) by the Financial Ombudsman Service.

If you were advised by KBFS or its director, Kathryn Brown, to transfer out of the BSPS, or have an existing complaint about KBFS and/or Kathryn Brown with the Financial Ombudsman, please make a claim with the Financial Services Compensation Scheme (FSCS).

You don’t need a claims management company or a solicitor to make a claim with the FSCS. They are independent and their service is free to use. You’ll keep 100% of the compensation you’re owed when you claim directly with them.

If you are a KBFS customer, you can discuss your investments with your investment provider or platform.