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

Titan Wealth to acquire £2.2bn AUM international advice firm Blacktower Group

Titan Wealth to acquire £2.2bn AUM international advice firm Blacktower Group

Deal will see it merged into Titan Wealth International

Isabel Baxter
clock 13 October 2025 • 2 min read
IFA told to compensate client over cyber breach

IFA told to compensate client over cyber breach

Updated: Fraudsters breached third-party platform, business alleges

Isabel Baxter
clock 13 October 2025 • 4 min read
WH Ireland shareholders vote against Oberon deal

WH Ireland shareholders vote against Oberon deal

Asset purchase agreement ‘remains in force' notwithstanding vote outcome

Isabel Baxter
clock 10 October 2025 • 2 min read