FSCS declares seven advice firms in default from February to April

The lifeboat fund named Oxfordshire-based Cherwell Finance in default, as well as Tunbridge Wells-based Susan Fleck Associated and Dorset-based Synergie Financial Planning. It also named Peterborough's GD Tancred in default, along with west Midlands-based Magna Wealth Management and TBO Investments. From the north east, Hull's Kennett Investment Life & Pensions was decalred in default along with Cheshire-based Pensionology UK. A further 14 financial services firms were also declared in default by the FSCS over the period from 1 February to 30 April. FSCS: £300m in recoveries reduce...