19 firms declared in default by FSCS in March

Recently levied £363m

Tom Ellis
clock • 1 min read

A total of 19 firms have been declared in default by the Financial Services Compensation Scheme (FSCS) in the month of March.

Of the total 19 firms, eight were life and pension firms and four investment firms. The firms included financial advisers Added Value Financial Services, Ardgowan Financial Services, Cavendish Financial Planning, Financial Page, Henderson Carter Associates, Ideal Financial Solutions and Vanguard Wealth Management. FSCS head of communications Mark Oakes said: "Anyone who believes they may be owed money as a result of their dealings with any of these firms should get in touch. We may be able to help. "The FSCS protects consumers around the UK when authorised financial services firms ...

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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Agile IT needed as rapid regulation change becomes the norm

Agile IT needed as rapid regulation change becomes the norm

'Gone are the lengthy consultation and rule-setting cycles that often took several years'

Paul Muir
clock 15 April 2024 • 6 min read
Leveling up the playing field when it comes to picking skilled persons

Leveling up the playing field when it comes to picking skilled persons

Given the prerequisite for accuracy, a rigorous selection process is essential

Richard Farr
clock 15 April 2024 • 4 min read
A practical way forward: Utilising hybrid to close the advice gap

A practical way forward: Utilising hybrid to close the advice gap

Will the FCA's advice/guidance review increase access to advice?

Chet Velani
clock 02 April 2024 • 6 min read