Two advice firms declared in default by the FSCS

11 claims in total against Leicestershire and London-based firms

Ayesha Venkataraman
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has declared two advice firms, Everyday Financial Advice and The TJM Partnership Limited, in default.

Leicestershire-based Everyday Financial Advice, trading as Tudor Court Financial Planning, ceased to be authorised to provide regulated activities and products by the Financial Conduct Authority (FCA) on 11 July 2019, according to the FCA register. The firm had three co-directors, Stacey-Ann McCabe, Michael Moran, and Robert Lallo, with Lallo holding compliance oversight and money laundering reporting roles as well, the FCA register shows. The FSCS told Professional Adviser it has received one claim from a former customer of Everyday Financial Advice, which is related to pension trans...

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