PTC Financial Advice has been declared as failed by the Financial Services Compensation Scheme (FSCS).
The Glasgow-based financial advice firm was declared in default yesterday (20 October). The FSCS confirmed that it has received two claims so far against PTC Financial Advice, relating to self-invested personal pension advice. One claim has now been upheld which trigged the default declaration. In an update on its website, the lifeboat fund shared that the firm is no longer trading, so it has opened claim against it. PTC Financial Advice is no longer authorised according to the Financial Conduct Authority's (FCA) register. The advice firm became registered in 2019 and has not been ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
