Acklam Financial Limited

Did you get advice from Acklam Financial Limited?

Acklam Financial Limited, which the FSCS has declared in default, was the 18th firm involved in the British Steel Pension Scheme (BSPS). Acklam stopped giving pension transfer advice and voluntarily gave up its defined benefit permissions after
conversations with the FCA. Acklam entered into liquidation on 26th November 2021.

In June 2018, Acklam made the decision to totally leave the defined benefit transfer advising industry. At the time, its managing director Geoff Bollands stated to New Model Adviser® “The business [DB transfers] is not worth doing because, in the future, we see trouble coming with it. Ambulance chasers are already getting involved.”

In 2017, many British Steel workers were advised by Acklam to transfer out of their defined benefit pension into a defined contribution pension, also known as a Personal Pension Plan or a Self–Invested Personal Pension (SIPP). According to the FCA almost half (46%) of the advice relating to BSPS was unsuitable.

As of 29 In November 2021, the FSCS has received a total of 1,018 claims from former BSPS members who were advised negligently to transfer out of the scheme.

If you are an ex-British Steel worker and you were advised by Acklam, you might have been mis-sold your pension.

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We’ve made 1000’s of successful claims on behalf of our clients, totaling over:

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What our clients are saying…

Some kind words from our respected clients

“You have proved I was miss advised”

You have proved I was miss advised, regarding my mis-sold pension, I am very happy with the outcome, your payment was a bit expensive, however, I realise everyone has to make a living. I did not think that the amount would be so much.
Thank you all for your hard work.

Pete | Trust Pilot

“From the very first moment of dealing…”

From the very first moment of dealing with Elite Chambers, I have been met with nothing but common courtesy, politeness, and Professionalism at all times, especially from Jamie Baker and Jordan Casey. Both these Employees are absolute Assets to the Company. I was kept up to date with every detail and progress through emails and Calls.
I would definately recommend this Company to everyone like myself who was mis sold something.

Thankyou once again Elite Chambers
Lesley Hogg

Lesley Hogg | Trust Pilot 

“I received a call from Elite Chambers…”

I received a call from Elite Chambers about a SIPP claim I spoke with Ashley, he was very helpful took a great deal of time in explaining the process and how it would work, Paper to be signed next week so fingers crossed for a positive outcome to this terrible situation.

David Barker | Trust Pilot