The Financial Services Compensation Scheme has confirmed that 13 firms went out of business, or defaulted, in December and January and are unable to meet any claims against them. The statutory body, which is free to customers, provides protection from authorised financial services firms for money held in bank,
There has been a raft of important news to start off the year, with top stories including the ongoing dispute between the Personal Finance Society (PFS) and the Chartered Insurance Institute (CII).
The Financial Services Compensation Scheme (FSCS) has declared Vintage Investment Services, Broadgate Financial Management and Braemar Wealth Management NW in default with claims to all three firms linked to pension transfer advice.