Broadfoot, McKee and Hamilton – trading as Professional Financial Services - has been declared failed by the Financial Services Compensation Scheme (FSCS) over pension and investment advice.
The FSCS confirmed to PA that it has received five complaints against the firm so far. According to the Financial Conduct Authority register, the Glasgow-based firm was first registered in April 2007 but has not been authorised since July 2015. This latest update by the FSCS comes after it declared Bourne House, formerly F T Financial Management, failed over pensions advice. FSCS expects £372m in compensation payments for 2024/25 A November 2024 outlook statement by the FSCS confirmed that it now expects to pay £372m in compensation during 2024/25, slightly higher than the £363m...
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