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The Financial Services Compensation Scheme has declared BSPS-linked adviser firm Mark Peter Houlbrook (FRN: 498168) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.

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The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.

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The Financial Services Compensation scheme has today declared three financial advice firms as failed, including two SIPP-related and one linked to BSPS.

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Thursday, 22 February 2024 10:25

Hartley defaults as client exit costs rise to £36m

The Financial Services Compensation Scheme (FSCS) has declared SIPP and SSAS provider Hartley Pensions in default.

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The FSCS has declared nine financial services firms - including failed SIPP provider Rowanmoor - in default during December and January, including several financial advisers.

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Monday, 12 June 2023 14:57

FSCS declares SIPP adviser in default

The Financial Services Compensation Scheme has declared in default a Sipp adviser firm and three other advice firms.

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SIPP provider DAC Pensions - which had more than 600 clients and nearly £27m in assets under administration - has been declared in default by the FSCS, opening the door to compensation claims.

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Tuesday, 14 March 2023 15:05

FSCS declares SIPP adviser firm in default

The Financial Services Compensation Scheme has declared Cardiff-based pension firm The London Trading Company (UK) Ltd (FRN: 678985) in default.

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Thursday, 09 February 2023 14:37

13 firms declared in default by FSCS

The  Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.

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Tuesday, 29 November 2022 09:46

SIPP adviser placed in default by FSCS

The Financial Services Compensation Scheme has declared in default its fifth financial adviser firm this month.

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