Insolvency practitioner Probitas has been instructed to begin winding up pension specialist Rockingham Independent.
Probitas will be formally appointed to the role of liquidator on 30 March at a meeting of creditors. The Financial Services Compensation Scheme (FSCS) will shortly begin conversations with the administrators to determine which, if any, assets will be distributed to former customers who believe they were recommended unsuitable investments. Rockingham said the FSCS "is aware" of the developments and is considering what it might mean for consumers. This includes whether any eligible claims may exist under its rules. In September 2011, the FSA fined Rockingham £35,000 for recommending ...
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