Financial Ltd faces £90k FSCS claims

The adviser network declared solvency in October 2015 following two years of pre-tax losses from April 2012 to March 2014 totalling £154,500. Documents relating to its insolvency were published by Companies House. They state an E Harvey made a claim for £50,000 to the FSCS and H&P Shaw claimed £39,000. On top of those claims, Tavistock Financial, which acquired Financial Ltd parent group Standard Financial in February 2015, is claiming almost £1m from the failed company. Former Financial Ltd chief executive Charlie Palmer is currently appealing a Financial Conduct Authority (FCA) ...