Network and nine advice firms declared in default

Carmen Reichman
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The Financial Services Compensation Scheme (FSCS) has declared one former network and nine other advice firms in default.

The scheme's latest list of default declarations, out on 26 January, included network Unleash Advice Partnership, which was in charge of a total of 36 advice firms between 2008 and 2012, as well as seven investment advisers and two pension advice firms. The list included Braemar Financial Planning, trading as Your Retirement Solutions from May 2011, which was fined £182,000 by the regulator in 2006 for systemic failings in its sales process for pensions unlocking. It also listed Keydata adviser A.J. Buckley Financial Management. A declaration of default means the FSCS is satisfied ...

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