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

Schroders sale set to turbocharge combined group's private markets growth

Schroders sale set to turbocharge combined group's private markets growth

Questions raised about price paid

Linus Uhlig
clock 12 February 2026 • 4 min read
SJP, Quilter and AJ Bell shares hit after AI tax planning tool launch

SJP, Quilter and AJ Bell shares hit after AI tax planning tool launch

Wealth managers’ share prices sink after reveal from US-based Altruist Corp

Isabel Baxter
clock 11 February 2026 • 3 min read
Evelyn Partners/Natwest deal a harbinger as banks eye 'lucrative' advice returns

Evelyn Partners/Natwest deal a harbinger as banks eye 'lucrative' advice returns

May spur firms on to seek 15x EBITDA

Isabel Baxter
clock 10 February 2026 • 3 min read