The Financial Services Compensation scheme has declared Macclesfield-based financial adviser Chestergate Financial Services Ltd (FRN: 459990) in default.

The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.

The Financial Services Compensation Scheme (FSCS) has declared 12 regulated firms in default in February and March.

Wealth manager and stockbroker Redmayne Bentley is to acquire the client assets of failed Liverpool wealth manager and stockbroker Blankstone Sington, subject to regulatory and court approval.