Pension Advisers Declared in Default Following FSCS Investigation

The Financial Services Compensation Scheme has released its latest roundup of financial firms now officially placed in default, which includes both Shropshire-based Financial Page and Merseyside firm Henderson Carter Associates. According to the FCA’s register, both had appointed representative relationships with London lead generator Hennessy Jones.

Dated April 20, the report lists a total of 19 firms from all over the country that may now be in the firing line in terms of compensation claims. In order to be placed in default, the firm must have had a minimum of one claim brought against it via the FSCS, after which it comes down to the authority to make its decision based on evidence available.

“Consumers could be in line for compensation after FSCS declares 19 firms in default Consumers could get back money they have lost as a result of their dealings with any of the 19 failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) has declared in default,” wrote the FSCS.

“A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation. Since its inception in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.”

Some of the others finding their way onto the latest list include Yorkshire firm Advanced Wealth Management Limited, Colchester’s Cavendish Financial Planning Limited and Leeds based Vanguard Wealth Management Limited.

“FSCS protects consumers around the UK when authorised financial services firms go bust. It protects your deposits, investments, home finance and insurance, and it’s free for consumers to use. Anyone who believes they may be owed money as a result of their dealings with any of these firms should get in touch. We may be able to help you,” said Mark Oakes, Head of Communications at FSCS.

The FSCS is advising anyone in need of advice to get in touch as soon as possible, either through its main website or by calling the Customer Services Team on 0800 678 1100 or 020 7741 4100. Alternatively, email enquiries can be directed at enquiries@fscs.org.uk.

The full declaration of firms put into default during March reads as follows:

LONDON

De Havilland Financial Management, SUITE 1, LAYBOURNE HOUSE, ADMIRALS WAY,
LONDON E14 9UH
KPM UK Taxis Plc, HEMMING HOUSE, HEMMING STREET, LONDON E1 5BL

EAST

Cavendish Financial Planning Limited,2A GRIGGS BUSINESS CENTRE, WEST STREET,
COGGESHALL, COLCHESTER, ESSEX CO6 1NT

MIDLANDS

Accord Consultancy Limited, PERA BUSINESS PARK, NOTTINGHAM ROAD, MELTON
MOWBRAY, LEICS LE13 0PB

Financial Page Limited, THE FORT OFFICES, ARTILLERY BUSINESS PARK, GARRISON
AVENUE, PARK HALL, OSWESTRY, SHROPSHIRE SY11 4AD

West Midland Caravans Limited, UNIT 3 SPRING HILL INDUSTRIAL ESTATE, OLD
ARLEY, ARLET, COVENTRY, WEST MIDLANS CV7 8FL

NORTH WEST

BAFS Limited, ALPHA HOUSE, 4 GREEK STREET, STOCKPORT, CHESIRE SK3 8AB

1st Ethical Limited, UNIT 3A SPRINGFIELD ROAD, BOLTON, LANCASHIRE BL3 2NU

Henderson Carter Associates Limited, 13 THE CROSS, NESTON, MERSEYSIDE CH64 9UB

The Mortgage Point Limited, FIRST FLOOR, 1 UNICERSAL SQUARE, DEVONSHIRE STREET, MANCHESTER, LANCASHIRE M12 6JH

Raintree Finance, 22 RIVERBANK ENTERPRISE CENTRE, SCOUT HILL ROAD, DEWSBURY, WEST YORKSHIRE WF13 3RQ

Vanguard Wealth Management Limited, YORK PLACE BUILDINGS, 6-8 YORK PLACE, LEEDS, WEST YORKSHIRE LS21 2DS

NORTH EAST

Alan Hall, George Rainey and Robert Rhoades, 2 ANSLEM ROAD, NE29 8BG

Advanced Wealth Management Limited, 83 WILKINSON STREET, SHEFFIELD, SOUTH YORKSHIRE S10 2GJ

SOUTH WEST

Ideal Financial Solutions, 50A WILLIS WAY, POOLE, DORSET BH15 3SY

SOUTH EAST

SFIA Limited, 29 HIGH STREET, MARLOW, BUCKINGHAMSHIRE SL7 1AU

SCOTLAND

Ardgowan Financial Services Limited, 9 MONTGOMERIE TERRACE, SKELMORLIE, AYRSHIRE PA17 5DT

Added Value Financial Services, 88 ROSSLYN STREET, KIRKCALDY, FIFE KY1 3AD

IRELAND

Speers & Associates, 2 GLEN ROAD, BANGOR, DOWN BT20 3SU