UK FSCS investigates Arrow Financial Services Ltd
The UK Financial Services Compensation Scheme (FSCS) is investigating whether Arrow Financial Services Ltd was involved in any regulated activities and whether these activities may give rise to valid claims.
It is also one of the companies associated with claims regarding the British Steel Pension Scheme (BSPS).
In 2017, many British Steel workers were advised to transfer out of their defined benefit pension into a defined contribution pension, known as a Personal Pension Plan or a Self-Invested Personal Pension (SIPP).
By transferring to a private pension arrangement, they would have lost the benefits already built up in the British Steel Pension Scheme. It may not have been realistic to achieve the same level of benefits from their new plan.
The advice they received may not have been the best advice for them.
If you think that this applies to you, download FSCS’s compensation claim guide, and when you’re ready, click the ‘Check if you can claim’ button.
The next step will be to answer a series of straightforward questions.
You don’t need a claims company or a solicitor to make a claim with FSCS, but if you’re not good with forms, consider using a friend or family member as a personal representative.