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

Fairstone acquires Belfast advice firm

Fairstone acquires Belfast advice firm

Consolidator snaps up Ferguson Hill Asset Management

Isabel Baxter
clock 19 August 2026 • 2 min read
Canaccord Wealth acquires EFG's wealth business

Canaccord Wealth acquires EFG's wealth business

Snaps up £3.1bn AUM EFG Harris Allday

Isabel Baxter
clock 19 August 2026 • 2 min read
Octopus defends £3bn IHT scheme as scrutiny intensifies over lending disclosure

Octopus defends £3bn IHT scheme as scrutiny intensifies over lending disclosure

Criticism of transparency on Fern Trading lending activities

Isabel Baxter
clock 18 August 2026 • 4 min read