Thirty-four complaints have been made against the liquidated advisory firm at the heart of the British Steel Pension Scheme story.

The Personal Finance Society has called balanced interevention as it warns that MPs attack on some BSPS pension transfer advice will damage the reputation of all advisers.

The Financial Services Compensation Scheme has confirmed that it is preparing for the voluntary liquidation of Active Wealth (UK) Ltd, one of the nine advisory firms involved in British Steel Pension Scheme pension transfers.

National Financial Planner LEBC, which specialises in retirement advice, has welcomed the Work & Pensions Select Committee’s call today for a ban on contingent charging for pension transfer advice.