Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).

The Financial Ombudsman Service expects British Steel Pension Scheme cases to fall in the coming year amid an expected plateauing in investment and pensions complaints.

Financial advice firms Holborn Assets Ltd (FRN 648817) and BSPS-linked Inspirational Financial Management Ltd (FRN223511) are both under investigation by the FSCS after going into administration in recent weeks.

The FCA has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (FRN: 756482) from advising customers on pension transfers and pension opt outs after accusing them of performing "a double act of carelessness and incompetence" in relation to BSPS advice.