In a statement released on 12 July, the FSCS said it had declared eight firms, including three advice firms, in default during June 2018.
The FSCS is responsible for protecting customers of regulated financial services firms. A declaration of default means the lifeboat scheme is satisfied a firm is unable to pay claims for compensation made against it.
This paves the way for customers of that firm to make a claim for compensation.
Alex Kuczynski, chief corporate affairs officer at the FSCS, said: “We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”
Since it began in 2001, FSCS has helped more than 4.5 million people, paying out more than £26bn ($34bn, €29bn) in compensation.
The latest advice firm names on the list are:
- Professional Financial Advisers of Cheltenham Limited
- Squirrel PFA Limited
- Fergus Burns, formerly trading as The Financial Planning Partnership
