The FSCS declares two firms in London and Kent in default

Lifeboat fund says Maymont Wealth and Cheshire Trafford have failed

Sahar Nazir
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared two financial advice firms in default.

London firm Maymont Wealth and Kent-based firm Cheshire Trafford were both declared failed on 21 July. Cheshire Trafford, which was previously named Cheshire Trafford (Yorkshire) & Co, has not been authorised to provide regulated activities and products since 27 January 2023, according to the Financial Conduct Authority's (FCA) register. There is also an active proposal to strike off the company on Companies House. The FSCS told Professional Adviser that it has received four claims against Cheshire Trafford relating to pension advice transfer and investments, and seven claims relat...

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