Advice firm declared failed over pensions advice

The FSCS told Professional Adviser that is has received two claims so far relating to Barfield Associates pensions advice. One claim has now been upheld, triggering the default declaration. The West Yorkshire-based advice firm is no longer authorised by the Financial Conduct Authority (FCA) and has not been permitted to carry out regulated activities since 15 June 2010. According to the FCA Register, Barfield Associates previously held authorisation but ceased trading and is now listed as no longer authorised. A statement on the FSCS website confirms that Barfield Associates "ha...