The FSCS has opened a probe into a Facebook-advertising 'socially conscious' alternative investment firm which has now gone into liquidation.

City-based investment firm Pello Capital (FRN 449720) has been declared in default by the Financial Services Compensation Scheme.

Surrey-based financial adviser Independently East Limited (FRN 488046) has been declared in default today by the Financial Services Compensation scheme.

The FSCS's deposit protection limit will increase by £35,000 from £85,000 to £120,000 from 1 December, the Prudential Regulation Authority has confirmed.

FSCS chief executive Martyn Beauchamp has forecast that the Financial Services Compensation Scheme levy, paid by regulated firms, will fall in the FSCS 2026/27 funding year.

PTC Financial Advice (Scotland) Limited (FRN: 816036), has been declared in default by the FSCS, the industry compensation safety net.

The FSCS has declared a Scottish adviser firm in default after it appeared that insurance premiums, and potentially investment contributions, were not being passed on to providers.

The Financial Services Compensation Scheme has declared London Court Ltd, trading as My Investment Hub, Venicap (FRN: 146522) based in Kensington Church Street in London, as failed.

The Financial Services Compensation Scheme has declared Greenhill (Life & Pensions) Ltd (FRN: 126761), of Beaconsfield, Bucks, as failed.

675-member Waltham Forest Council Employee Credit Union Limited (FRN: 213408) has gone into administration and been declared in default by the Financial Services Compensation Scheme (FSCS).

The Financial Services Compensation Scheme has placed Leicester-based Trust Financial Planning Limited (FRN: 407457) under investigation.

The Financial Services Compensation Scheme (FSCS), the industry-funded consumer compensation body, declared five regulated firms in default in June and July, it reported today.

SIPP operator Corporate & Professional Pensions Ltd (FRN: 465748) has been declared in default by the Financial Services Compensation Scheme.

Argentex LLP, a forex firm which also offered wealth management services, has entered special administration this week.

The Financial Services Compensation Scheme, the industry consumer safety net, has so far received 644 claims against failed SIPP provider Forthplus Pensions Limited, it reported today.

The Financial Services Compensation Scheme has declared Sussex-based wealth manager and Financial Planner Facet Investment Management Ltd (FRN 131372) in default.

The Financial Services Compensation Scheme recovered more than £56m from failed firms over the past year, up nearly £2m on the £54m recovered the year before.

The FSCS has declared 12 regulated firms in default over the past two months, according to its latest failed firms list published today.

Kent-based financial advice firm Christopher Barker, trading as Apollo Pension & Investment Advisers (FRN: 470611), has been declared in default by the Financial Services Compensation Scheme.

Central Markets Investment Management (CMIM) Limited (FRN:475828) has been declared in default by the Financial Services Compensation Scheme (FSCS).