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Consumers in line for compensation after 29 advisory firms default

Your Money
Written By:
Your Money
Posted:
Updated:
05/12/2014

Consumers could be in line for compensation after the Financial Services Compensation Scheme (FSCS) declared 29 advisory firms in default.

The scheme has already started paying compensation to clients of the defaulted firms and asked all remaining eligible claimants to come forward.

Head of communications Mark Oakes said: “FSCS was established to protect consumers when authorised financial services firms go bust, and it covers the full range of financial services.

“If anyone believes that they may be owed money as a result of their dealings with any of these firms, please get in touch with FSCS, as we may be able to help you.”

Since inception FSCS has come to the aid of more than 4.5 million people, paying out over £26bn in compensation.

The defaulted firms were:

NORTH WEST
Southport 2000
Whitehall Financial Independent
North West Mortgages
Belview Finance

NORTH EAST
Carterbar Holdings
SAJ International

MIDLANDS
Bowyer Styles & Co
FC Realisations Limited (formerly Fradley Croft)
Investrac Wealth Management (formerly McKechnie Byles & Dawes)
The Redwood Partnership
Second City Finance Brokers
Fowlers Motors
Shakespeare Classic Line

SOUTH EAST AND LONDON
Ager Financial Services
Campbell Montague International
Portfolio Financial Services
Bayliss & Company (Financial Services)
County F.S.
London Asset Management Limited (formerly Regent Cavendish)
Stone Futures
St Andrews Securities
Ward Consultancy
Sherwood Insurance Services

SOUTH WEST
Professional Financial Management
Sutton and Shephard Limited (formerly Berkeley Associate and Company)

SCOTLAND
Kingdom Asset Management
McDonald Insurance Services
P3 Wealth Management
Stewart Asset Management Group

The FSCS Initial Contact Team can be contacted on 0800 678 1100 or 020
7741 4100 or by email at enquiries@fscs.org.uk.