Personal Finance: Advisers Declared in Default

Summary


Four West Midlands financial advisers, plus another five in the East Midlands, have been declared in default by the Financial Services Compensation Scheme.

This enables any of their clients who have lost money through their collapse, or earlier misconduct to claim compensation of up to pounds 48,000 - 100 per cent of the first pounds 30,000 and 90 per cent of the next pounds 20,000.

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Personal Finance: Advisers Declared in Default

'We wouldn't pay a claim for poor investmen...

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