Six financial firms declared in default by FSCS in August

Financial adviser Chadkirk Wealth Management Ltd from Staffordshire was declared in default, as well as London-based Cain Lambert Ltd, MML Administration Ltd from Bristol, Clearcredit Ltd from Liverpool, The Man for Mortgages Ltd from Derbyshire, and Leicester-based Abbot Insurance Brokers. A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it. Clients of that firm are then able to make a claim for compensation. FSCS declares three advice firms in default in July FSCS chief corporate affairs officer Alex Kuczynski said:...