The Financial Services Compensation Scheme (FSCS) has declared 17 new firms in “default” for the period between August 2019 and October 2019.
The firms are:
• Valiant Financial Consultants, Kent
• N-Hanced, Tyne and Wear
• AETC Associates, Bradford
• Bellfield Financial Services, Glasgow
• St Martin’s Partners, Essex
• Strathearn Insurance Services, London
• Property Finance Solutions, West Sussex
• WSW Financial Services, Brighton
• Blackstone Independent Financial Advisers, Cheshire
• Financial Provision Solutions, Lancashire
• CPPT Services, West Midlands
• Ask Finance, West Midlands
• KBW Associates, Kent
• Gerard Associates, Bristol
• A Vincent, South Yorkshire
• Ron Treherne IFA, Cardiff
• A Milward & E Milward, Glasgow
A company is declared in default when it is no longer able to financially bear to pay compensations for claims against it. However, as all 17 firms were regulated, as a result, clients might be able to get some of their money back if it has been lost.
This gives an opportunity to the clients of the firm to seek compensation directly from the Financial Services Compensation Scheme (FSCS).
The FSCS is a compensation scheme of last resort for clients of regulated financial services firms. It is funded by the Financial Services Industry. The limit on the amount of compensation payable by the FSCS for the above firms is £85,000.
The Financial Litigation Team at Oakwood Solicitors has experience in helping clients receive compensation from the FSCS in relation to negligent financial advice.
How much will it cost you to make a claim?
- We operate on a Conditional Fee Agreement (CFA), more commonly known as a ‘no-win, no-fee.’
- If we fail to secure you a settlement, you will not be charged.
- Any charges will be deducted from your settlement, so you will not need to pay us anything out of your own pocket.
What should you do if you received advice from any of the above firms?
If you received advice from any of the above firms, contact us for a free initial consultation regarding your options by email at finance@oakwoodsolicitors.co.uk, or alternatively – call us on 0113 218 5700.
The Financial Services Compensation Scheme (FSCS) has declared 17 new firms in “default” for the period between August 2019 and October 2019. The firms are: • Valiant Financial Consultants, Kent • N-Hanced, Tyne and Wear • AETC Associates, Bradford • Bellfield Financial Services, Glasgow • St Martin’s Partners, Essex • Strathearn Insurance Services, London • Property Finance…
Contract for Differences – Case Study
After successfully bringing a Claim for a Financial Litigation Client, we share a case study of the process.
Contract For Differences
Mrs. X was approached…
View
What is a Contract?
What is a Contract?
When is a Contract Legally Binding?
Void/Voidable
Oral/Verb…
View
Criminal Injuries Compensation Authority Claims for Victims of Domestic Violence – The Challenge
The CICA has strict conditions on making a claim which can result in Applicants having them rejected and having to go through a distressing Appeal process.
View
