17 UK firms failed between February and March 2023
This includes financial advice and wealth management businesses
FSCS
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UK investment advice firm under investigation
Lifeboat scheme received claims in relation to the company’s role ‘in arranging customers’ investments’
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FSCS investigating two British Steel advice firms
One of the companies was requested by the FCA to stop making ‘misleading’ redress offers to ex-BSPS members
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UK advice company declared in default
As lifeboat scheme announces it is investigating a wealth management firm
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Three more financial advice firms fail
26 companies have been declared in default by the UK lifeboat scheme since the start of 2023
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FSCS backtracks on financial planning firm failure
As liabilities may fall onto another company that is still in business
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Financial planning company fails
This is the second Ascot Lloyd-linked firm to be declared in default in as many months
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Advice business declared in default
UK lifeboat scheme has received one claim against the company related to pension transfers
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Woodbrook Group-linked Sipp operator goes bust
It was placed into voluntary liquidation in August 2021
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UK pension advice company fails
After the firm entered compulsory liquidation in January 2023
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Two British Steel advice firms under investigation
Companies are both in liquidation according to the FCA
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UK investment advice firm fails
Lifeboat scheme has received 23 claims against the company – mainly related to Sipps