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FSCS confirms 6 firms in default

The Financial Services Compensation Scheme, the government-backed body which compensates clients of failed regulated firms, has confirmed that it declared six financial services in default over the past two months.

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Staffordshire retirement adviser declared as failed

Advice firm Retirement Direct Limited (FRN: 183942) has been declared as failed by the Financial Services Compensation Scheme.

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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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7,400 member credit union fails

West-Midlands credit union 6 Towns Credit Union Limited has been declared in default by the Financial Services Compensation Scheme.

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