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.

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