Cambridge-based advice firm declared in default by the FSCS

The FSCS received five claims in total, including one valid claim

Ayesha Venkataraman
clock • 3 min read

The Financial Services Compensation Scheme (FSCS) has declared Cambridge-based financial advice firm IFG Financial Services in default.

The firm, which had 37 former trading names including Goldstone Financial Service, ceased to be authorised to provide regulated activities and products by the Financial Conduct Authority (FCA) on 13 January 2016, according to the FCA Register. It was dissolved on 31 December 2019, according to Companies House. The firm has had many directors since its incorporation on 18 August 1972, but the most recent co-directors listed on Companies House are Mary Gangemi and Kathryn Elizabeth Purves. The FSCS told Professional Adviser it had received five claims in total against the firm, four ...

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