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

Evelyn Partners hits £67bn in AUM as inflows rise 18% in Q3

Evelyn Partners hits £67bn in AUM as inflows rise 18% in Q3

Amid plans to integrate financial planning and investment management teams

Sahar Nazir
clock 04 November 2025 • 2 min read
Autumn Budget 2025: Chancellor refuses to rule out Autumn Budget tax rises

Autumn Budget 2025: Chancellor refuses to rule out Autumn Budget tax rises

Says upcoming budget will focus on ‘growth with fairness’

Professional Adviser
clock 04 November 2025 • 1 min read
What's haunting financial advisers this Halloween?

What's haunting financial advisers this Halloween?

Six experts share their spooky thoughts

Professional Adviser
clock 31 October 2025 • 4 min read