Reis Financial Planning, of Holmfirth in West Yorkshire, has become the latest financial advice business to be declared failed by the Financial Services Compensation Scheme (FSCS).
The financial planning firm was declared in default by the FSCS today, following the first claim against it being upheld. The single claim to date relates to pension transfers, the FSCS confirmed to PA. The claim was not related to British Steel Pension Scheme (BSPS) advice. The West Yorkshire company was dissolved in late October 2023, according to Companies House filings. It ceased to be Financial Conduct Authority Authorised (FCA) in June of 2023. Yesterday (19 February), the FSCS confirmed that its investigation into another advice firm, Independently East, is nearing completio...
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