You might be eligible for compensation
In 13 January 2023 Prism Independent Financial Advisers Ltd entered liquidation. The firm was placed under investigation by FSCS in April 2023. In July 2023 the firm was declared in default (failed) by FSCS with at least one valid claim.
You may be able to make a claim against it. To find out, click the ‘Check if you can claim’ button. The next step will be to answer a series of straightforward questions.
Should you need help, click on the ‘Need help’ button and choose to speak to one of our friendly claims handlers, or type a question into the FAQ option.
You don't need a claims company or a solicitor to make a claim with us, but if you're not good with forms, consider using a friend or family member as a personal representative.
If you have any questions, please contact us. We’ll be happy to help.
Prism Independent Financial Advisers Ltd 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 guaranteed 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 our compensation claim guide (pdf 0.1MB), and when you're ready, click the ‘Check if you can claim’ button.
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