The Financial Services Compensation Scheme (FSCS) declared six firms in default in August, including a financial advice firm.
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:...
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