FSCS declares further 18 advisory firms in default

The scheme has already started paying compensation to clients of the defaulted firms and asked all remaining eligible claimants to come forward. Head of communications Mark Oakes said: "FSCS was established to protect consumers when authorised financial services firms go bust, and it covers the full range of financial services. "If anyone believes that they may be owed money as a result of their dealings with any of these firms, please get in touch with FSCS, as we may be able to help you." The defaulted firms, which advised on investments, life insurance or pensions, were: No...