The Financial Services Compensation Scheme (FSCS) declared nine financial advice companies in default during the month of February 2020.
Some of them offered life insurance and wealth management, as well as financial planning and advice.
They are:
- Hector McLean Financial Consultants, London;
- NJ Associates, Middlesex;
- Knight Finance (European), Nottinghamshire;
- Intuitive Financial Associates, Nottingham;
- Totus Capital Limited, Milton Keynes;
- Serenus Consulting, Cheshire;
- Asset Independent Financial Advisors, North Humberside;
- WJR Wealth Management, Sunderland; and
- GPC Sipp, Blackburn.
Reaching out
The lifeboat scheme is now urging clients of the firms above to get in touch and check whether they could be eligible for compensation.
Fiona Kidy, FSCS’s acting chief financial officer, said: “We are reaching out to consumers to let them know that compensation may be available if they have suffered losses due to a failed firm.
“We are a free and independent service and customers can claim direct with FSCS with confidence in our efficient process.
“FSCS is here to protect consumers and contribute to financial stability. We help customers throughout the UK and are proud of the empathetic service we deliver.”
