A New Financial Adviser for Your Brite Advisors Pension
If you previously received advice from Brite Advisors and hold a pension with Alltrust Services Ltd, you may have experienced a prolonged period of uncertainty. Many individuals have been left asking the same questions: What has happened? Is my pension safe? And what should I do next?
While the situation has understandably caused concern, recent developments mean there is now much greater clarity. With the right information and independent advice, this can also be an opportunity to regain control and put your retirement planning on a more stable footing.
This article explains what has happened with Brite Advisors, where things stand now, and how to approach finding a new financial adviser, including how The Wealth Genesis can help.
What Happened With Brite Advisors | Background and Context
Brite Advisors was placed under scrutiny after failing to meet key regulatory and financial reporting requirements. In 2023, regulators raised serious concerns over the firm’s financial position and the safeguarding of client assets. As a result, asset preservation orders were put in place, effectively freezing client accounts and preventing withdrawals, transfers, or changes.
In December 2023, Brite Advisors entered formal receivership. From that point onward, appointed receivers took full control of client assets and began a detailed reconciliation process to confirm what assets existed, where they were held, and which could ultimately be returned to clients. This process affected thousands of individuals, including many with pensions administered through trustees such as Alltrust.
During the receivership period, clients were unable to access their funds, which understandably led to frustration and anxiety. However, the primary purpose of the receivership was to protect client assets and ensure an orderly, fair distribution rather than allow funds to be dissipated.
Brite Advisors Latest Update | Why There Is Now Cautious Optimism
The most recent updates indicate meaningful progress.
In October 2025, the receivers submitted a formal interim distribution proposal to the court. This is a crucial step, as it allows for the release of funds back to clients once approved. Importantly for pension holders, trustees including Alltrust Services Ltd have been recognised within the court-approved distribution framework.
Another positive development is that the amount of assets being withheld for unresolved matters, such as taxes, costs, and outstanding liabilities, has been significantly reduced. This has improved the expected recovery rate for clients, with indications that a large majority of verified assets may be returned through the interim distribution phase.
If the court timetable proceeds as expected, distributions could begin in early 2026. While timelines can still change, this represents a turning point after a long period of uncertainty.
Why This Is the Right Time to Review Your Financial Advice
Even with positive progress, one thing is clear: the adviser relationship you previously had no longer exists in the same way. As funds are released and pensions become accessible again, many individuals will soon face important decisions regarding their retirement savings.
These may include:
Whether to leave funds where they are or restructure the pension
How and where to reinvest recovered assets
Whether current trustee and platform arrangements are still suitable
How the pension fits into wider retirement, tax, and income planning
Having professional support at this stage can help avoid rushed decisions and ensure choices are made with long-term goals in mind.
The Importance of Independence and Transparent Fees
If recent events have highlighted anything, it is the importance of trust, transparency, and independence in financial advice.
When choosing a new financial adviser, you should understand:
Whether the advice is truly independent or restricted to certain products
Exactly how fees are charged and what services are included
Whether the adviser receives commissions or incentives from providers
The Wealth Genesis is fully independent and operates on a clear, fee-only basis. We charge an industry-leading low management fee, with no hidden charges and no commissions. This ensures that advice is aligned solely with your interests, not influenced by product incentives.
How The Wealth Genesis Can Help
We work with professionals, business owners, and individuals who want clarity, structure, and long-term confidence in their financial planning.
For those affected by the Brite Advisors situation and with pensions held via Alltrust, our process typically includes:
A clear review of your current pension position and documentation
An explanation of what recent receivership developments mean for you personally
Guidance on your options once funds are released
Ongoing independent advice tailored to your broader financial goals
There is no obligation to make changes. Our role is to give you clear information and professional guidance so you can make informed decisions at your own pace.
Moving Forward With Confidence
The collapse of Brite Advisors was unsettling, but recent developments suggest that most clients are moving closer to resolution and recovery. As your pension becomes accessible again, this is an ideal time to reassess your strategy and ensure you have the right support in place going forward.
Working with a fully independent adviser who prioritises transparency and long-term planning can help restore confidence and provide a clear direction for your retirement savings.
Book an Independent Pension Review
If you would like a clear, independent review of your Brite Advisors pension held with Alltrust, you can book a confidential, no-obligation consultation with The Wealth Genesis.
Use the diary below to arrange a meeting and discuss your options with an independent adviser who puts your interests first.
