The Financial Services Compensation Scheme (FSCS) has failed two firms over pension advice.
The latest, confirmed in an update today (11 September), was West Yorkshire-based firm Triple A Financial Services. The lifeboat fund confirmed to Professional Adviser that it has had two claims against Triple A so far. One has been upheld and the other was rejected. Both claims were related to pensions advice. According to the Financial Conduct Authority (FCA) register, the firm has not been authorised since April 2010, meaning it can no longer provide regulated activities and products. Triple A Financial Services had been registered with the regulator since June 2005. The second ...
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