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UK financial advice firm fails

Lifeboat scheme is now accepting claims against the company

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Midlands-based Connected Financial Services Limited, which is trading as Otium Finance and Rothgen Capital , failed on 17 September, according to the Financial Services Compensation Scheme (FSCS).

The Financial Conduct Authority (FCA) register says that the firm ceased all regulated activities in November 2018.

The UK lifeboat scheme added that investors may be able to claim for compensation.

Currently, the total number of claims is 29, the FSCS told International Adviser.

There has been one successful claim, which has already been paid out. This was a claim about a self-invested personal pension (Sipp).

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