The Financial Services Compensation Scheme (FSCS) has declared Nexus Independent Financial Advisers (Nexus) failed.
An update from the lifeboat fund yesterday (5 February) confirmed that it is now accepting claims against Nexus after it completed its investigation in June last year. The FSCS set out that it is working with the administrators while it investigates whether customers who have submitted claims are eligible for compensation. "Until we have finished our investigations, we cannot say whether we will be able to pay claims against Nexus Independent Financial Advisers," it stated. Nexus was placed in administration on 26 January 2023, with Nicola Layland and Carl Faulds from Leonard Curti...
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






