FSCS declares IFA firm Blackstar Wealth Management in default

146 FSCS claims

Sophie King
clock
The FSCS received its first claim against the IFA firm on 16 September 2019 and has been looking into the firm since then.
Image:

The FSCS received its first claim against the IFA firm on 16 September 2019 and has been looking into the firm since then.

The Financial Services Compensation Scheme (FSCS) has declared Blackstar Wealth Management in default.

According to an update on the FSCS website, the Sutton Coldfield-based company entered administration on 13 August last year and was declared in default on Tuesday (14 January). A note on the advice...

To continue reading this article...

Join Professional Adviser

 

  • 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 Your profession

Figures published in April1 showed the continued popularity of sustainable funds, with £1.8 billion pouring in, according to M&G

Third of UK investors turn to advisers for ESG support - M&G

'Lack of knowledge'

clock 25 May 2022 • 2 min read
The firm agreed to a cease-and-desist order and a censure

SEC fines BNY Mellon Investment Adviser $1.5m for greenwashing

ESG reviews not performed

Lauren Mason
clock 24 May 2022 • 1 min read
Dealing with private equity 'like getting into bed with a gorilla'

Dealing with private equity 'like getting into bed with a gorilla'

Advice firm CEOs discuss key topics

Tom Ellis
clock 23 May 2022 • 1 min read