IFA enters liquidation after film scheme FOS rulings

In a letter dated 21 October to the firm's clients, 20Twenty Independent managing director Vince de Stefano states that "over the past year the firm has seen its income fall significantly following the loss of its advisory team and its running costs spiral", particularly professional indemnity (PI) premiums. De Stefano - who is currently listed on the Financial Conduct Authority (FCA) register as inactive - continues: "I found myself with no alternative other than to call in liquidators." The move follows a series of successful claims, lead by claims management firm Rebus, in March ag...