The Financial Services Compensation Scheme (FSCS) has announced Staffordshire-based Retirement Direct Ltd has failed.
According to the Financial Conduct Authority (FCA) the firm has not been authorised since November 2021.
Companies House filings show that it has gone into liquidation with a voluntary liquidator being appointed in October 2021.
To read more on this topic, visit: Three firms declared in default
The FSCS told International Adviser that it has received 14 claims about the firm regarding pensions advice.
Three of them have been rejected, ten are in progress and one has been upheld.
Retirement Direct Ltd was formerly known as Read Independent Financial Advisers Ltd.
