FSCS declares financial planning firm failed

The FSCS told Professional Adviser that is has received four claims so far relating to Avonbrook Financial Management's life distribution, pensions & investment intermediation advice. One claim has now been upheld triggering the default declaration. The North West financial planner is no longer authorised by the Financial Conduct Authority (FCA) and has not been permitted to carry out regulated activities since 13 June 2023. According to the FCA Register, Avonbrook Financial Management previously held authorisation but ceased trading and is now listed as no longer authorised. A ...