The Financial Services Compensation Scheme (FSCS) announced that three UK-based advice firms have failed.
Firstly, Scotland-based Crosbie Carr Morris Limited was dissolved in December 2022, according to Companies House. The Financial Conduct Authority (FCA) register also added that the firm has not been authorised since February 2022.
The UK lifeboat scheme told International Adviser that it has received three claims so far – all related to unsuitable pension advice.
The FSCS has received two claims so far relating to unsuitable pension transfer advice.
The UK lifeboat scheme has received two claims so far relating to unsuitable pension transfer advice.