The Financial Services Compensation Scheme (FSCS) have declared three firms in default.
Money Advice Partnership - formerly FML Wealth, Executive Benefit Consultancy, and Jacob Hopkins McKenzie are all no longer trading. The FSCS confirmed to PA that Glasgow-based Money Advice Partnership was declared in default yesterday (8 April) as the first claim, relating to investment advice, was upheld. To date this is the only claim it has received regarding the business. According to Companies House filings, the firm was incorporated in October 2013 and is now in liquidation. Money Advice Partnership's accounts are overdue, a Companies House notice shows. The Financial Conduc...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
