Irish advice firm under investigation by FSCS

25 cases upheld by FOS

Ayesha Venkataraman
clock • 3 min read

The Financial Services Compensation Scheme (FSCS) is investigating the Irish financial advice firm, Wellington Court Financial Services, which also had a UK operation in Devon.

The firm was incorporated in Ireland and passported into the UK under the Insurance Distribution Directive, and its office in Devon closed on 31 December 2021, according to the FSCS. The Financial Conduct Authority (FCA) granted it permission to carry out certain regulated activities including advising on investments and pension transfers on 19 December 2016, before which it could carry out insurance mediation and insurance distribution activities. On 13 October 2020, the FCA restricted the firm from disposing of its assets and client base without its written consent, in addition to c...

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