'We were under extra scrutiny': Launching a Welsh financial planning firm after BSPS saga

Will carry out DB transfer advice

Hannah Godfrey
clock • 3 min read

Gavin Kingsley worked as an IFA in south Wales during the British Steel debacle and, here, he talks to Hannah Godfrey about launching a new firm located at the heart of the scandal that gripped the financial advice profession.

Sanctuary Financial Planning was launched by four directors - Gavin Kingsley, Gareth Shears, Shane Hyland and James Baker - just a few months ago in January. Kingsley, Shears and Baker had all worked together at Newport-based firm Niche IFA before making the decision to start their own business, while Hyland joined to form the quartet after running his own directly authorised firm HRW Consulting.  Niche IFA - a business Kingsley describes as "a great firm to work for" - stopped advising British steelworkers after it felt overwhelmed by men wanting to transfer out of their defined bene...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

Labour's budget ‘main reason' for latest UK exits

Isabel Baxter
clock 17 April 2025 • 6 min read
UK inflation drops to 2.6% in March amid warnings of further price rises

UK inflation drops to 2.6% in March amid warnings of further price rises

Down two percentage points

Sorin Dojan
clock 16 April 2025 • 2 min read
Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

‘Hyper-personalisation and fintech disruptors are reshaping financial advice’

Sneha Shah
clock 15 April 2025 • 3 min read