FSCS declares firm failed over pensions advice

Not British Steel related

Isabel Baxter
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared Mr G and Mrs P Speller, trading as Solutions Financial Services, in default.

The lifeboat fund confirmed to PA that the Colchester-based firm was declared in default by the FSCS yesterday (24 April), when the first claim was upheld. So far there have been five claims in total relating to pension advice. The claims are not BSPS related, the FSCS confirmed to PA. "Mr G and Mrs P Speller, trading as Solutions Financial Services, is no longer trading, so you may be able to make a claim against it," the FSCS' notice stated. The Financial Conduct Authority register suggests that the firm is no longer registered and can no longer carry out regulated activities. It ha...

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 Companies

FCA lifts oversight restriction on advice network 2plan after review

FCA lifts oversight restriction on advice network 2plan after review

Regains regulatory approval to expand after 2024 growth concerns

Isabel Baxter
clock 19 May 2025 • 1 min read
Aviva confirms cancellation of chunk of £450m preference shares

Aviva confirms cancellation of chunk of £450m preference shares

Trading of preference shares ceased at 8am on 15 May

Professional Adviser
clock 15 May 2025 • 2 min read
Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Outflows were offset by strong growth in its platform business

Sorin Dojan
clock 15 May 2025 • 1 min read