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

Aviva's wealth arm posts net flows of £10.9bn

Aviva's wealth arm posts net flows of £10.9bn

'Momentum' in platform asset gathering

Alex Sebastian
clock 05 March 2026 • 1 min read
FCA warns on firm's 'unsuitable' financial advice

FCA warns on firm's 'unsuitable' financial advice

HDH Investment Services had permissions restricted in January

Isabel Baxter
clock 05 March 2026 • 2 min read
Söderberg & Partners invests in three more UK advice businesses

Söderberg & Partners invests in three more UK advice businesses

Swedish wealth manager backs trio of ‘high calibre’ UK firms

Jenna Brown
clock 05 March 2026 • 2 min read