The Financial Services Compensation Scheme (FSCS) has declared two advice firms in default over pensions advice, as well as has shared an update that MCI Global Investment Advisors Limited has entered liquidation.
The lifeboat fund has confirmed to Professional Adviser that it has received two claims relating to West Yorkshire-based advice firm Carl Julian Hanson, trading as Bright Future. Both claims related to pension transfer advice. One has been rejected and one is still in progress. The FSCS confirmed that there is no indication that these are British Steel Pension Scheme (BSPS) related. According to the Financial Conduct Authority (FCA) register, the firm has no longer been authorised since March 2010. It was first authorised in March 2007. For Clwyd-based Chesterton Grant Limited, the FS...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
