19 firms declared in default by FSCS in March

Recently levied £363m

Tom Ellis
clock • 1 min read

A total of 19 firms have been declared in default by the Financial Services Compensation Scheme (FSCS) in the month of March.

Of the total 19 firms, eight were life and pension firms and four investment firms. The firms included financial advisers Added Value Financial Services, Ardgowan Financial Services, Cavendish Financial Planning, Financial Page, Henderson Carter Associates, Ideal Financial Solutions and Vanguard Wealth Management. FSCS head of communications Mark Oakes said: "Anyone who believes they may be owed money as a result of their dealings with any of these firms should get in touch. We may be able to help. "The FSCS protects consumers around the UK when authorised financial services firms go...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA consolidation review 'a warning shot' for acquirers

FCA consolidation review 'a warning shot' for acquirers

Regulator’s findings a ‘wake-up call’ for private equity and consolidators

Sahar Nazir
clock 05 November 2025 • 5 min read
Expanded AML remit for the FCA: a good or bad thing?

Expanded AML remit for the FCA: a good or bad thing?

'Lots of issues to work through' before changes come into force

Colette Best
clock 05 November 2025 • 3 min read
The FCA's consolidator review was long overdue, but nowhere near enough

The FCA's consolidator review was long overdue, but nowhere near enough

That it took the FCA so long to launch a review 'still seems a mystery'

Justin Cash
clock 04 November 2025 • 4 min read