FSCS declares Birmingham-based advice firm in default

The Birmingham-based financial planning firm was failed last Friday (1 December) and is in liquidation and has applied to cancel its authorisation. The FSCS told Professional Adviser that it has received nine claims in total, five are in progress, one has been upheld and three have been rejected. All claims are for pensions advice relating to self-invested personal pensions and none are related to the British Steel Pension Scheme (BSPS). According to Companies House, the firm was incorporated on 20 September 2016. This latest action by the lifeboat fund follows it failing Birmin...