Newport-based Thomas Financial has been declared in default by the Financial Services Compensation Scheme (FSCS).
The advice firm is no longer trading, and claims can be made against it. The FSCS told Professional Adviser that Thomas Financial is considered a "small IFA failure" and has received two claims so far for advice. One has been rejected, one upheld (triggering the default). Neither of the claims are related to the British Steel Pension Scheme.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
