Three firms declared failed by FSCS

Over investment and pensions advice

Isabel Baxter
clock • 2 min read

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...

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