IFA Willow Financial, which was pushed into administration by Arch Cru compensation claims, has been named among 20 firms declared in default by the Financial Services Compensation Scheme (FSCS).
Willow Financial was forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but it was later bought back by some of its former partners at a knock-down price. The FSCS has now named it as part of its periodically published National Default declaration list. The list also contained four life and pensions intermediaries: Financial Solutions (Investment & Retirement Options), Abacus Financial Management, Havering Mortgage & Insurance Consultants, and Moneytalk IFA. Also named are four investment advisers: Pengwern Wealth Management, Willow Financial Man...
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