Default Firms

The Financial Services Compensation Scheme (FSCS) has declared the following new firms in “default” for the period between August 2019 and October 2019.

These 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

Continuing the list, we have further dedicated information on the additional firms in Default. Click or tap:

• Avalon Investment Services
• Beaufort Securities
• Berkeley Burke SIPP
• Blue Index Ltd
• Financial Page Limited
• The German Property Group
  /Dolphin Capital
• Greyfriars SIPP
• Guinness Mahon
• Henderson Carter Associates
• Hennessey Jones
• JNF Capital
• Kingsway Wealth Management
• Liberty SIPP
• Pointon York
• Prime Markets Limited
• S&M Hughes – British Steel Pensions
• SVS Securities PLC

 

When is a company deemed to be ‘in Default’?

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 to make a claim?

• We operate on a Conditional Fee Agreement (CFA) more commonly known as ‘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.

 

Why choose Oakwood Solicitors Ltd?

You will have a dedicated advisor who will see your claim through from start to finish, assisting you in the event of any queries or issues you may have. Your case-handler will also continue to provide regular updates until the conclusion of your claim, ensuring the process is as stress-free and effortless as possible.

WHAT TO DO NEXT

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.

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