Failed Hull-based IFA firm receives 150 FSCS complaints

Unauthorised introducers

Sophie King
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared Asset Independent Financial Advisor (Asset IFA) as a failed firm.

The FSCS stated that the company "has failed, or is in special administration". The lifeboat fund told Professional Adviser the firm began being wound up on 20 November 2019 and, to date, has received 150 complaints against Asset IFA. The Hull-based advice firm, which also trades as Asset IFA, Asset Independent Mortgages and Home Estate, was appointed Solihull-based Sanderlings Andrew Fender as the firm's liquidator.  The good guys shouldn't pay: Help campaign for FSCS reform A note on the Financial Conduct Authority's (FCA) website showed that the firm was ordered to immediately c...

To continue reading this article...

Join Professional Adviser for free

  • 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 Companies

The Penny Group acquires Midlands-based HNW advice firm

The Penny Group acquires Midlands-based HNW advice firm

Latest deal as part of the Chartered firm’s ‘buy and build’ strategy

Isabel Baxter
clock 12 March 2024 • 2 min read
FCA fines advice firm nearly £900,000 over British Steel failings

FCA fines advice firm nearly £900,000 over British Steel failings

IFM ‘poorly advised’ clients to transfer out of DB pension schemes

Isabel Baxter
clock 11 March 2024 • 2 min read
Swindon advice firm declared failed by FSCS for pensions advice

Swindon advice firm declared failed by FSCS for pensions advice

A.P Financial Services UK is no longer trading

Isabel Baxter
clock 11 March 2024 • 1 min read