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 pension (SIPP) advice, and "other pension advice". The claim that was successful and landed the firm in default related to a SIPP transfer. According to a notice on Companies House, the firm was ordered a voluntary strike-off on 10 March this year with all rights vested in or held in trust as ownerless property. However, the striking off was suspended on 11 July for reasons unknown....
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