The Financial Services Compensation Scheme (FSCS) announced that Staffordshire-based Osborn Wealth Management has failed.
The UK lifeboat scheme said on 22 March that the firm was previously called Pace Ward Financial.
According to the Financial Conduct Authority (FCA), the company was authorised from 2004 to 2008.
Companies House documents reveal that the advice business was dissolved on 14 March 2017.
The FSCS told International Adviser that it has received one claim against Osborn Wealth Management, which was upheld. The claim related to pension transfer advice, but it was not regarding the British Steel Pension Scheme (BSPS).
Failed firms
Since the start of the year, 23 firms have failed – with two companies under investigation with the FSCS.
The most recent firm declared in default was DAC Pensions Limited on 16 March 2023.
