FSCS names eight failed advice firms

Clients of eight failed advice firms can get their money back after the UK compensation scheme added them to its list of firms in default.

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Consumers could get back money if they have lost out as a result of their dealings with any of the failed financial firms, the Financial Services Compensation Scheme (FSCS) said on Thursday.

FSCS protects customers of regulated financial services firms. A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it.

This paves the way for customers of that firm to make a claim.

Alex Kuczynski, chief corporate affairs officer at FSCS, said: “We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”

The latest names on the list are:

  • Argent Personal Finance Managers Limited
  • Lifeboat Financial Advisers Limited
  • Platinum Independent Advisers Limited (trading as Platinum Independent)
  • E.B.A
  • Alliance Independent Financial Advisers Limited
  • Leeds & York Financial Services Limited
  • Hillyard Financial Consultants (UK) Limited (trading as Finance International)
  • Grosvenor Butterworth (Financial Services) Limited.