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Displaying items by tag: FSCS

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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Tuesday, 13 February 2024 13:10

SIPP adviser declared as failed

The Financial Services Compensation scheme has declared two financial advice firms as failed including a firm which provided advice on SIPPs.

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Thursday, 08 February 2024 09:32

Wealth and SIPP adviser declared as failed by FSCS

Liverpool wealth manager Blankstone Sington Ltd (FRN: 143694) has been declared as failed by the Financial Services Compensation Scheme.

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Friday, 09 February 2024 09:21

FSCS declares SIPP-connected EU firm as failed

The FSCS has declared a Portuguese financial firm involved in the UK SIPP market in breach of its regulatory permissions as failed.

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The Financial Services Compensation Scheme has said that it will pay the exit and administration charge (EAC) that the joint administrators propose to levy on Hartley Pensions Limited (HPL) customers, despite earlier saying that it could not.

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Friday, 19 January 2024 17:26

BSPS-linked adviser firm in default says FSCS

The Financial Services Compensation Scheme (FSCS) has declared BSPS-linked South Wales-based Niche Independent Financial Advisers Ltd (FRN: 472635) as failed.

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Macclesfield-based pension adviser The Chambers Partnership Ltd (FRN 495472) has been declared in default by the FSCS, opening the door to at least one compensation claim.

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The Financial Services Compensation Scheme faces a payout of up to £124m after declaring collapsed SIPP and SSAS firm Rowanmoor as failed.

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Monday, 04 December 2023 11:10

Staffs-based adviser fails with SIPP claims

Staffordshire-based pensions adviser Quadros Financial Solutions Ltd (FRN: 764760) has been declared as failed by the Financial Services Compensation Scheme.

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