FSCS declares 24 pensions and investment firms in default

31 in default in total

Tom Ellis
clock • 3 min read

The Financial Services Compensation Scheme (FSCS) declared a total of 24 pension and investment firms in default in November and December of last year.

Of the 24 life and pensions and investment firms declared in default, 20 were investment-based companies, with the remainder life and pensions businesses. A further seven were classed as general insurance firms. The full list of those declared in default can be found below. A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it. Customers of a defaulted firm can then make a claim for compensation from the compensation scheme. The FSCS recently announced a supplementary levy for life and pensions advisers following "unforese...

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