FSCS declares eight IFAs in default

The following IFA firms are on the FSCS's list: MFM Financial Limited (formerly Martin Financial Management), Talisman Financial Services Limited, SFM Wealth Management Limited, Bollington Financial Services Limited, Howard Broadley and Company, IFA Centre Limited, Liberty Financial Consultants and M Clipson t/a Eagle Financial Services. "Declaring a financial firm in default is the final part of a process in which a firm regulated by the FSA has been found by the FSCS to be unable, or likely to be unable, to pay claims against it," says the FSCS. "This means that customers who have l...