Bourne House, formerly F T Financial Management, has been declared failed by the Financial Services Compensation Scheme (FSCS) over pensions advice.
The FSCS confirmed to PA that one complaint has been upheld, leading to the default declaration. According to the Financial Conduct Authority register, the Surrey-based firm was first registered in April 2007 but has not been authorised since June 2011. Companies House indicates that the firm was incorporated in December 2003 and dissolved in November 2015. This latest update by the FSCS comes after it declared Norrix Financial Services, formerly RNAMK, in default, also related to pensions advice. FSCS expects £372m in compensation payments for 2024/25 A November 2024 outlook sta...
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