Four advice firms named in default in May

Two firms in the North West were declared in default - Liverpool-based The O'Rourke Partnership Ltd and Cumbria-based GGC Independent Financial Advice LLP - as well as Glasgow-based Premier Wealth Managers Ltd and Northants-based Phil Ogden Financial Planning. If they have lost money as a result of their dealings with the businesses, clients of the firms can now attempt to get their money back through the lifeboat fund. Four other firms outside the realm of financial advice, which were covered by the FSCS, also went into default in May. FSCS ups final levy for 2019/20 by £16m to £532m...