The Financial Services Compensation Scheme (FSCS) declared 17 financial advice companies in default over the November 2019 – January 2020 period.
Some of them offered life insurance, wealth management as well as financial planning and advice.
They are:
- B Wilcock Insurance, Cleveland;
- Consumer Wealth, West Yorkshire;
- Phoenix Financial Associates, West Yorkshire;
- Benson McGarvey Murdoch; Nottingham;
- Horizon Stockbroking, Leicester;
- Anthony Feeney and John Bland (trading as Anthony Feeney Financial Services), West Midlands;
- Blackstar Wealth Management, Sutton Coldfield;
- Hyrifa (trading as Save My Pension, formerly Trueway Finance), Warwickshire;
- Transglobe Investments, Birmingham;
- London Capital & Finance, London;
- Re-financial Planning, London;
- Facts & Figures Financial Planners, Ashford;
- Parklands Wealth, Somerset;
- Brixham Finance (formerly Lerwick Financial Solutions), Gwent;
- Economic Financial Solutions IFA (trading as Torch Wealth Management, JAG Protection), Abercynon;
- Innovative Financial Services (trading as Gorcades and IFS), Aberdeen;
- Park Caledonia Capital, Glasgow; and,
- JAS Financial Services, Carrickfergus.
Safeguarding consumers
The lifeboat scheme is now urging clients f the firms above to get in touch and check whether they could be eligible for compensation.
FSCS chief operating officer Jimmy Barber said: “FSCS provides protection when firms fail, reassuring people and enabling them to buy regulated financial products with confidence.
“We help put people back on track by offering a claims service that is fast and easy for our customers to use, offering support when our customers need it.
“We know it can be a difficult time, so our claim experts are on hand to support you at every stage of your claim.
“It’s completely free and we’ll tell you straight away if you’re eligible to make a claim online.”
