IFA Willow Financial, which was pushed into administration by Arch Cru compensation claims, has been named among 20 firms declared in default by the Financial Services Compensation Scheme (FSCS).
Willow Financial was forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but it was later bought back by some of its former partners at a knock-down price.
The FSCS has now named it as part of its periodically published National Default declaration list.
The list also contained four life and pensions intermediaries: Financial Solutions (Investment & Retirement Options), Abacus Financial Management, Havering Mortgage & Insurance Consultants, and Moneytalk IFA.
Also named are four investment advisers: Pengwern Wealth Management, Willow Financial Management, Berkeley Warburg Financial Planning, Page & Page (Financial Services); as well as home finance intermediary Washington Mortgage & Insurance Centre.
Two weeks ago IFAonline revealed that almost half of the advisory firms embroiled in the regulator's Arch Cru redress scheme were referred on to the FSCS, meaning they were no longer trading or were unable to pay their liabilities.
The FCA confirmed at the time that claims from a total of 147 financial advisers were referred on to the FSCS, 50 of which had been settled as part of the £39m paid out at the time.
The FSCS protects clients of regulated firms whose savings and investments are affected following the collapse of a firm. It has so far paid out more than £26bn to 4.5 million people.
Last month the industry-funded scheme announced it plans to raise £313m from the financial services industry in the coming year to cover the costs of compensation, up from £311m in 2013/14.
The scheme plans to hit investment advisers with a £105m levy, an increase of 34% on the last levy, while those advising on life and pensions will face £40m for the coming period, up from £13m last year.
Investment advisers were also presented with a £30m top-up levy for the current year after the FSCS struggled to find funds to cover the the cost of the Catalyst Investment group failure, which was declared in default in October.
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