The Financial Services Compensation Scheme (FSCS) has declared London-based financial advice firm Daniel Stewart & Company in default.
The firm, formerly trading as Oval, ceased to be authorised to provide regulated activities and products by the Financial Conduct Authority (FCA) on 25 February 2021, according to the FCA register. It was dissolved on 2 June 2021. The FSCS told Professional Adviser it has received six claims from former customers of Daniel Stewart & Company who believe they received unsuitable investment advice, three of which related to self-invested personal pension (SIPP) investment advice and the remaining three pertained to other types of investment. The FSCS said "this company no longer exists" whe...
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