Oakwood Solicitors

Default Firms

Trustpilot 5 stars
Home » Personal Legal Services » Financial Litigation » 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:

Default Firms


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.

Oakwood Solicitors Ltd


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.


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.

Get in touch

Search our services

Our personal services

Henderson Carter Associates – SIPP Pension Claims

Henderson Carter Associates entered liquidation in February 2017, following a demand from the FCA.   Between 30th October 2013 to 8th July 2015, 879 customers switched or transferred their pensions into a SIPP (Self-Invested Personal Pension) based on the advice given to them by Henderson Carter Associates. This resulted in over £35 million being switched…

Find out more

JNF Capital

JNF Capital (Formerly JN Financial) was an investment advisory brokerage based in London who focused on advice relating to Contracts for Difference (CFDs) and other leveraged products in addition to Pension advice work. JNF Capital were London based independent financial advisors. They entered liquidation in October 2013 after recklessly advising hundreds of customers to invest…

Find out more

Kingsway Wealth Management

Kingsway Wealth Management falls into administration following a number of complaints which were likely to cost the firm millions. Between February 2014 and June 2019, thirteen cases were raised against Kingsway with the Financial Ombudsman Service. Nine of the above case were upheld against the firm and all nine related to SIPP transfers made with…

Find out more

Why Oakwood?

Here at Oakwood Solicitors, we’re not your average law firm – our team delivers a service which caters to you. From assessing your case through to completion, our staff have not only the knowledge and expertise, but also the compassion and understanding to put you at ease throughout the process.

Get in touch in a way that suits you:

Call us on 0113 200 9787 or

Request a call back

Use our Enquiry form to get you on the right track:

Enquiry form

Reach us by email:



This website uses cookies. You can read more information about why we do this, and what they are used for here.

Accept Decline