Firm that advised clients on unlisted shares among 12 declared in default by FSCS

The lifeboat fund said Oxford Renewable Fuel was advertised as a market leader in renewable energy, producing commercial quantities of biofuel.  Oxford Renewable Fuel raised £7m from around 340 investors through various introducers and a number of IFAs, including Saxon Capital Ltd. Saxon Capital was dissolved in March 2017 and, now it has fallen to the FSCS, customers can claim against the firm in a bid to receive compensation for the advice they received. The list of firms declared in default by the scheme in April included Berkeley Burke SIPP Administration, which PA reported on rec...