I'm a former steelworker in South Wales — is it too late to claim for my BSPS transfer?

In most cases, no. The FCA's PS22/13 redress programme covers 2015–2018 BSPS transfers, and the 3-year date-of-knowledge rule means many claims remain open. Even if you have already received FSCS compensation, you may be entitled to more where your loss exceeded £85,000 or the adviser is still trading.

Do Welsh clients have different time limits?

No. England and Wales share the same limitation rules — usually 6 years from the advice or 3 years from when you first became aware the advice was unsuitable. FOS and FSCS routes follow UK-wide rules.

Do you have an office in Cardiff?

No — we act for Cardiff and South Wales clients on a fully remote basis by phone, email and video call. Our SRA-regulated solicitors handle claims for clients across the whole UK.

Financial Mis-Selling Solicitors Cardiff & South Wales

BSPS and pension mis-selling across South Wales

The British Steel Pension Scheme scandal hit South Wales harder than almost anywhere else in the UK. Thousands of steelworkers at Port Talbot and across the region were approached by financial advisers between 2016 and 2018 and persuaded to give up guaranteed final salary pensions. The FCA later found that a large proportion of this advice was unsuitable, and its PS22/13 redress scheme was created in response.

Welsh steel and industrial pensions

South Wales's steel, coal, and manufacturing workforce accumulated some of the most valuable defined benefit pensions in the UK. Advisers targeted these members when transfer values peaked in 2015–2020. If you transferred out of a final salary scheme — BSPS or any other Welsh employer's scheme — and the advice did not properly compare what you were giving up, you may be entitled to compensation.

SIPP and investment mis-selling in Wales

Welsh clients were also sold unsuitable SIPPs holding unregulated assets — overseas property, care home rooms, and high-risk bonds. Where the adviser or SIPP operator has failed, the FSCS pays up to £85,000 per eligible claim, and we manage the application for you.

APP fraud and bank scam refunds

Under the PSR's mandatory reimbursement rules (October 2024), banks must refund most authorised push payment fraud victims up to £85,000. If your bank has refused, we can challenge the decision through the Financial Ombudsman Service.

BSPS in Wales

£2.8 billion transferred out of BSPS in 2015–2018 UK-wide
Port Talbot and South Wales members were among the largest affected groups
FSCS max: £85,000 · FOS max: £455,000 · Court: no upper limit

Areas we serve

Cardiff Swansea Newport Port Talbot Bridgend Merthyr Tydfil Pontypridd Caerphilly Barry Llanelli Neath

Why choose Edward & Amaury Solicitors

SRA-regulated solicitors

SRA No. 800525 — higher protection than a claims management company.

Specialists, not generalists

Financial mis-selling is what we do. SIPP, DB pension, wealth management, mini-bond and APP fraud claims.

UK-wide, remote-first

Consultations by phone or video call — no travel required, same-day response.

No Win No Fee

Nothing upfront, nothing if we lose. FCA fee cap applies (PS21/18).

Before you claim — free guides

Financial Mis-Selling Solicitors in Cardiff