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11 firms in default including advice businesses  

The Financial Services Compensation Scheme has declared 11 firms in default in April and May, including several Financial Planning and advisory firms and a number of credit unions.


FSCS steps in as fifth credit union fails 

The Rainbow Saver Anglia Credit Union Limited in Suffolk has been declared in default with the FSCS stepping in to protect 463 remaining members.


FSCS declares 2 advice firms in default

The Financial Services Compensation Scheme has opened the doors to client compensation on two Financial Planning firms it has declared in default.


4th credit union collapses this year owing £1.3m

The fourth credit union to collapse this year has been declared in default by the Financial Services Compensation Scheme this week.

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