This is due to concerns that the Firm has failed to pay redress awarded to former members of the British Steel Pension Scheme by the Financial Ombudsman Service (FOS), and for failing to engage with us in an open and cooperative way.

KBFS has failed to provide us with information requested about its financial position and FOS awards it was due to pay out.

It appears the Firm has failed to pay redress awarded by the FOS in relation to unsuitable pension-transfer advice given to 5 clients with a defined-benefit occupational pension scheme with British Steel.