FSCS declares 2 advice firms as failed

The Financial Services Compensation scheme has declared two financial advice firms as failed.

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BSPS adviser BlueSky Wealth Management fails

Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).

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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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FSCS probes Cheshire and Huddersfield failed firms

Financial advice firms Holborn Assets Ltd (FRN 648817) and BSPS-linked Inspirational Financial Management Ltd (FRN223511) are both under investigation by the FSCS after going into administration in recent weeks.

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