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

More on Regulation

FSCS completes investigation into Kerry Nelson's Nexus IFA

FSCS completes investigation into Kerry Nelson's Nexus IFA

Lifeboat fund to assess claims as director faces fraud charges

Jen Frost
clock 19 June 2025 • 1 min read
Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

'Survey highlights significant challenges in financial resilience and pension savings'

Caitlin Southall
clock 12 June 2025 • 5 min read
Finfluencer trials delayed until 2027 due to court backlog

Finfluencer trials delayed until 2027 due to court backlog

Nikhil Rathi gave the update to aTreasury Committee hearing

Sorin Dojan
clock 10 June 2025 • 2 min read