FSCS confirms 10 regulated companies in default 


The Monetary Providers Compensation Scheme has reported that 10 regulated companies defaulted in October and November.

The declaration of default on these failed companies opens the doorways to purchasers to assert compensation from the FSCS.

A default often means the companies have gone out of enterprise and are unable to fulfill any declare themselves.

The defaulted companies embody a number of monetary advisers, together with Ridgeway Consultants, EQ Monetary Planning, Juno Moneta Wealth, Oracle Consultants, Options Monetary Providers and Tudor Court docket Monetary Planning.

A number of the companies had been hit by claims linked to poor pension and pension switch recommendation, together with BSPS circumstances.

Corporations declared in default from 1 October 2022 to 30 November:

  • Antonor LLP previously Priory Neutral Options LLP buying and selling as Ridgeway Consultants (FRN 486910), Europe Home, Bancroft Street, Reigate, Surrey, RH2 7RP
  • EQ Monetary Planning Ltd (FRN 575160), Westby, 64 West Excessive Avenue, Forfar, Angus, DD8 1BJ
  • Bartholomew Monetary Ltd (FRN 596038), Unit 1, Deryn Court docket, Wharfedale Street, Cardiff, Caerdydd, CF23 7HA
  • Juno Moneta Wealth Ltd, buying and selling as Teal Monetary, Empower Wealth Administration, NAPIT Wealth (FRN 669519), Sunnybank, Duffryn Lane, St. Nicholas, Cardiff, CF5 6TA
  • Oracle Consultants Ltd, buying and selling as Incisive Wealth, Incisive Dental, Incisive Wealth Administration (FRN 618258), Grosvenor Home, 11 St. Pauls Sq., Birmingham, B3 1RB
  • Options Monetary Providers (UK) Ltd (FRN 402668), Tansterne Grange, Tansterne, Hull, HU11 4RD
  • Hallmark Ltd, buying and selling as Hallmark Mortgages & Abroad Properties, Abbot Insurance coverage Dealer (FRN 403377), 38 Excessive Lane West, West Hallam, Ilkeston, Derbyshire, DE7 6HQ
  • Thompson Prior LLP (FRN 207510), Hilton Home, Hilton, Bridgnorth, Shropshire, WV15 5PD
  • On a regular basis Monetary Recommendation Ltd, buying and selling as Tudor Court docket Monetary Planning (FRN 595535), Limehurst Home, Bridge Avenue, Loughborough, Leicestershire, LE11 1NH
  • The TJM Partnership Ltd, previously T.J. Market (Holdings) plc, Neovision World Capital Ltd (FRN 498199), Suite 18, Ealing Home, 33 Hanger Lane, London, W5 3HJ

The FSCS has reminded shoppers that its service is free and it covers cash held in financial institution, constructing society and credit score union accounts. The FSCS additionally protects insurance coverage, investments, mortgage recommendation and arranging, debt administration and funeral plans.

Sabah Carter, FSCS’s chief knowledge, intelligence and know-how officer, mentioned: “FSCS is right here to guard shoppers throughout the UK and to contribute to monetary stability. We’re reaching out to shoppers to allow them to know that compensation could also be out there if they’ve suffered losses attributable to a failed monetary companies agency. We’re a free and unbiased service that clients can declare instantly with.”







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