The FSCS (Financial Services Compensation Scheme) has declared 16 firms, including several offering mortgage advice, in default in the period 1 October to 30 November. As the firms have gone out of business, and the FSCS believes they are unable to meet claims themselves, customers who are owed money by them may be
FSCS declares two British Steel firms in default
By Jean-Baptiste Andrieux 21
st April 2021 4:07 pm
The Financial Services Compensation Scheme has declared collapsed British Steel IFA Bartholomew Hawkins Ltd and Mansion Park Ltd in default.
They are among 11 firms the lifeboat fund declared in default in March 2021.
The nine other firms the FSCS has declared in default are: Active Finance, Blakemore Wealth Management, British Credit Trust Holdings, Crossbrook Insurance Brokers, DK Consulting, Estate Matters Financial, Hyde Financial Management, Pentagon, and Solicitors Financial Services.
People who have dealt with any of these firms can now make claim for compensation from the FSCS.
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rd February 2021 1:20 pm
Acklam Financial Ltd, one of 10 initial British Steel that firms stopped giving pension transfer advice has applied for liquidation.
An update on Companies House shows the firm has applied to be struck off.
The FCA register also shows Acklam Financial applied to cancel its authorisation on 24 January.
It is the latest IFA involved in the British Steel pensions saga to head for the exit as fallout from the scandal continues.
They urged the FCA to take action on compensation for those conned out of their pensions, as well as take a tougher line on the role of unregulated introducers.