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

Clifton Wealth Partnership acquires two South Wales IFAs

Clifton Wealth Partnership acquires two South Wales IFAs

Banyard Independent Advice Services and Wilcox Financial Planning add £68m AUM

Sophia Panayi
clock 03 August 2026 • 2 min read
Five Wealth appoints co-founder Steve Jordan as CEO

Five Wealth appoints co-founder Steve Jordan as CEO

Follows co-founder and chair Phill Dewhurt’s retirement

Sophia Panayi
clock 03 August 2026 • 2 min read
Fintel CEO: Sector must come together to solve data 'problems'

Fintel CEO: Sector must come together to solve data 'problems'

Consumer Duty compliance data gaps

Sophia Panayi
clock 30 July 2026 • 3 min read