The FSCS have declared 4 firms in default.
It was released yesterday that the FSCS have declared 4 firms in default alongside. This comes a day after GPC Sipp Limited went into insolvency. This means that clients of these firms can now claim for compensation at the FSCS.
The reason for the declaration of default for the firms are due to the inability to pay for compensation claims made against them. In order for the companies to be made default, the FSCS must have had a minimum of one eligible claim that the firm cannot pay. Once the firm has been declared default, it then allows others to come forward with their claim.
The firms that are now in default are:
Phil Ogden Financial Planning
GGC Independent Financial Advice
Premier Wealth Managers Limited
Wealth Rapport Limited (Formerly known as Moores Waren Limited)
The Chief Corporate Affairs Officer (FSCS), Alex Kuczynski has said that the FSCS protect consumers around the UK when authorised financial services firms go bust.
If you have lost money as a result of activities with any of these companies, we may be able to assist you in making your claim to the FSCS. Please visit www.theclaimsbureau.co.uk and get in touch with us to find out more about what we could do for you.
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The information in this article is sourced from: https://www.ftadviser.com/investments/2019/06/13/fscs-declares-four-firms-in-default/?utm_campaign=FTAdviser+news&utm_source=emailCampaign&utm_medium=email&utm_content=