Company Information

Get to know STEP BY STEP FINANCIAL SOLUTIONS LTD

Incorporated in May 2006, STEP BY STEP FINANCIAL SOLUTIONS LTD was a financial advisory company based in Blackpool, UK. The firm provided advice on investments and pensions but ceased trading and was officially dissolved in February 2019. The company has since come under scrutiny for providing unsuitable advice, particularly regarding pension transfers into high-risk Self-Invested Personal Pensions (SIPPs). In 2021, the Financial Services Compensation Scheme (FSCS) declared the firm in default, meaning it was unable to pay the compensation claims made against it for mis-selling, leading the FSCS to step in to handle claims.

Industry

Financial Financial AdvisementPRIMARY
Financial Other Service

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STEP BY STEP FINANCIAL SOLUTIONS LTD

United Kingdom

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.