FSCS finds adviser in default over pension transfers
Mark Peter Houlbrook in default over one claim
Mark Peter Houlbrook in default over one claim
Removal of FSCS protection could have severe consequences for wealth managers, according to Transparency Task Force
As it poses both challenges and opportunities for savers and investors
The firm is in liquidation
Alongside another advice firm
As it waits for its authorisation by the FCA to be cancelled
As personal investment firms will be expected to set aside capital to cover compensation costs
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
Having received 111 claims against it
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
He had advised 422 customers, 183 were BSPS members
With FSCS receiving 14 claims