Middlesborough advice firm named in default by FSCS

Two claims against business

Ayesha Venkataraman
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has declared Middlesorough financial advice firm Philip Griffin & Associates in default.

The firm, trading as Philip Griffin & Associates, ceased to be authorised by the Financial Conduct Authority (FCA) - then known as the Financial Services Authority - on 15 February 2013, according to the FCA register. The firm had two partners, namely Philip Griffin and Walter Henry Gavaghan, between 1 December 2001 to 15 February 2013, according to the FCA register. The FSCS told Professional Adviser it has received two claims from former customers of Philip Griffin & Associates, both of which related to pension advice provided before 15 February 2013. In September 2019, the Finan...

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 Your profession

News editor's view: Let's give it up for the small advice firms

News editor's view: Let's give it up for the small advice firms

The news editor's Friday Night Takeaway from 22 May

Isabel Baxter
clock 22 May 2026 • 4 min read
Women more likely to seek professional financial advice – research

Women more likely to seek professional financial advice – research

Twenty percent of women likely to seek advice

Sophia Panayi
clock 22 May 2026 • 2 min read
The expectation gap: Why suitable advice can still fail the client

The expectation gap: Why suitable advice can still fail the client

'The industry is moving from suitability, to understanding and now to expectation management'

Elly Dowding and Lee Coates
clock 22 May 2026 • 4 min read