Three-year-old advice firm fails after SIPP complaints

Failed in September

Sophie King
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The FSCS said it had so far received four claims against the firm which mostly related to self-invested personal pension (SIPP) advice and “other pension advice”.
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The FSCS said it had so far received four claims against the firm which mostly related to self-invested personal pension (SIPP) advice and “other pension advice”.

Rex Financial Services (RFS) has been declared in default by the Financial Services Compensation Scheme (FSCS) after opening just three years ago.

RFS was incorporated on 9 November 2017 and declared in default by the FSCS on 29 September. The FSCS said it had so far received four claims against the firm that mostly related to self-invested personal...

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