The Financial Services Compensation Scheme (FSCS) has declared advice firm Thompson Prior LLP in default.
Thompson Prior was dissolved on 8 November 2019, according to Companies House.
The UK lifeboat scheme told International Adviser that it has received five claims against the firm, but they seem to be mostly pensions related with self-invested personal pension (Sipp) advice being a “key part”.
The firm was first registered with the Financial Conduct Authority in 2001 but has not been authorised since 2012.
This comes just a month after the FSCS declared Shropshire-based Nationwide Benefit Consultants (NBC) and Devon-based Trust Financial Consulting (TFC) in default. The lifeboat scheme received claims against the firms about pension advice.