Around £300m has been recovered from failed by the FSCS
The FSCS have recovered around £300m over the last five years from failed companies that has given poor advice to customers and mis-sold investments to them. Some of which include Harlequin Investments. The FSCS have claimed that this has reduced levies on the industry.
The FSCS have stated they will pursue recoveries against firms if they pass a 'commercial test' and the defendant is 'good for money'. They have clearly stated however they will not conduct any form of recovery to 'prove a point or punish the parties in question'.
If you have been affected by a failed investment as a result of poor advice and mis-selling, we know it can be very daunting and most of our clients come to us as they don't want to claim their money back alone!
That's exactly what we are here for. We work on a no-win-no-fee basis for our clients and will guide you through the claiming process, we will work your case for you and get in touch with the FSCS or relevant body on your behalf.
If you are interested in having a no obligation chat, we would be happy to speak to you and run you through how it works and see if we could help you with your claim. Just give us a call to speak to one of our friendly team on 01903 868 251.
For original article see: https://www.ftadviser.com/your-industry/2019/03/20/fscs-recovers-300m-from-failed-companies/?utm_campaign=FTAdviser+news&utm_source=emailCampaign&utm_medium=email&utm_content=