The Financial Services Compensation Scheme (FSCS) has declared Skipbo, formerly Ring Associates, in default after receiving claims against its advice.
The FSCS told Professional Adviser that is has received two claims so far relating to Skipbo's life distribution, pensions and investment intermediation advice. One claim has now been upheld, triggering the default declaration. The Norfolk-based advice firm is no longer authorised by the Financial Conduct Authority (FCA) and has not been permitted to carry out regulated activities since 13 February 2021. According to the FCA Register, Skipbo previously held authorisation but ceased trading and is now listed as no longer authorised. A statement on the FSCS website confirms that S...
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