FSCS moves forward with claims against troubled Donre Advisory

London advice firm went into liquidation in July last year

Isabel Baxter
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has moved forward with the first claims against advice firm Donre Advisory.

In an update posted on Tuesday this week (28 January), the lifeboat fund confirmed that it had completed its initial investigations into Donre Advisory and will shortly pass the claims it has received onto one of its assessment teams. "The team will contact customers as soon as they start reviewing each claim," the FSCS said. "Please note that we can't confirm exactly when we'll process any individual claim." This action from the FSCS comes after the London-based advice firm went into liquidation in July last year after the Financial Conduct Authority (FCA) imposed restrictions on it....

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Regulation

Regulators rethink D&I targets 'to avoid additional burdens on firms'

Regulators rethink D&I targets 'to avoid additional burdens on firms'

FCA and PRA to take different appraoch to diversity and inclusion

Linus Uhlig
clock 13 March 2025 • 2 min read
FCA's shelved name and shame policy 'deeply flawed from the outset'

FCA's shelved name and shame policy 'deeply flawed from the outset'

The decision to drop the policy described as ‘significant development’

Sahar Nazir
clock 12 March 2025 • 2 min read
SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

More than 100 funds have adopted one of the four SDR labels

Cristian Angeloni
clock 12 March 2025 • 4 min read