Whitechurch Investment Services and Tudor House Financial Services are two of the 16 firms whose clients could now stand to gain from compensation paid from the Financial Services Compensation Scheme.
Latest list of ‘default’ firms issued by the FSCS says policyholders at Bristol-based Whitechurch Investment Services – which caused controversy last year by legally ‘dumping’ its policyholder liabilities onto the FSCS in the same manner as firms such as Berry Birch Noble Financial Services – should now receive compensation payouts for mis-selling up to a maximum of £48,000. Likewise, partners at Wrexham-based Tudor House Financial Services has now been declared in default after the FSA Tribunal withdrew the firm’s permission to conduct regulated business on November 1st and the firm was...
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