FSCS declares British Steel-linked advice firm in default

MLM Wealth Management officially failed on 2 September

Sahar Nazir
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared Moray-based MLM Wealth Management in default.

MLM Wealth Management was declared failed on 2 September. The lifeboat fund said its clients should check to see if they are eligible for compensation. According to Companies House, the firm was incorporated on 19 September 2017. The FSCS told Professional Adviser that at present, there are two open claims linked to the firm relating to its pension transfer advice. Both claims are related to the British Steel Pension Scheme.

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