FSCS declares Leeds-based advice firm Temple Park in default

Temple Park Financial Services can no longer provide regulated activities

Sahar Nazir
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared Leeds-based firm Temple Park Financial Services in default.

According to the Financial Conduct Authority (FCA), the IFA has not been authorised since 1 December 2009. It can no longer provide regulated activities and products, but previously was authorised by the FCA and the Prudential Regulation Authority. The FSCS said this firm is no longer trading and customers can make a claim against it. It told Professional Adviser that there have been seven claims made against Temple Park, with one that has now been upheld. The claims are mainly mortgage endowment advice related.

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers urged to prepare for 'tipping point' as AI reshapes advice delivery

Advisers urged to prepare for 'tipping point' as AI reshapes advice delivery

EV innovation boss says advisers must harness AI without losing the human touch

Sahar Nazir
clock 25 June 2025 • 1 min read
Wren Sterling doubles Scottish footprint with City Financial acquisition

Wren Sterling doubles Scottish footprint with City Financial acquisition

Deal adds £700m in assets and over 6,000 clients as firm continues acquisition streak

Sahar Nazir
clock 25 June 2025 • 2 min read
Gen AI hallucination a 'core problem' with more oversight in finance field needed

Gen AI hallucination a 'core problem' with more oversight in finance field needed

Treasury Committee hearing

Sorin Dojan
clock 25 June 2025 • 2 min read