West Midlands firm Connected Financial Services, which traded as Otium Financial and Rothgen Capital, failed today, racking up tens of claims at the Financial Services Compensation Scheme (FSCS) in its wake.
The lifeboat scheme declared the Walsall firm failed on 17 September 2020. According to the Financial Conduct Authority (FCA) register, the firm ceased all regulated activity on 14 November 2018. There are 28 ongoing claims at the FSCS. There has already been one claim successfully paid out by the lifeboat scheme that related to self-invested personal pension (SIPP) advice. There is also one upheld decision published on the Financial Ombudsman Service's (FOS) website, dated August 2018 related to SIPP advice. A former client - ‘Mr T' as described by the FOS - used Connected Financi...
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