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FSCS declares 12 firms in default

Twelve firms entered default in August and September, including ten financial adviser firms and two credit unions, the FSCS has confirmed today.

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Cardiff adviser fails with pension claim

Former Cardiff financial adviser firm David Craig (FRN 503340) has been declared as failed by the Financial Services Compensation Scheme.

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Milton Keynes adviser firm fails with pension claims

Former Milton Keynes financial adviser firm Mike Norris Financial Services (FRN 542126) has been declared as failed by the Financial Services Compensation Scheme.

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Llanelli-based firm with BSPS claims collapses

South Wales Advice firm The Financial Planning Practice (FRN: 223388) has failed, the Financial Services Compensation Scheme said.

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