Financial Services Compensation Scheme  

FSCS declares Hull-based advice firm in default

FSCS declares Hull-based advice firm in default

A firm with two claims against it has been declared in default by the Financial Services Compensation Scheme.

Hull-based Solutions Financial Services was placed into default today (October 27) but the firm ceased to be registered as an appointed representative with the Financial Conduct Authority as of July 24, 2012. 

The FSCS told FTAdviser that there are two claims that are in process against the firm and are related to investment and self-invested personal pension products. Neither are linked to the British Steel Pension Scheme. 

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The FCA register states that this firm is not registered with the FCA and can no longer carry on regulated activities.

According to Companies House, the firm appointed a voluntary liquidator in 2012 and was officially dissolved on July 11, 2017.

Earlier this month, The TJM Partnership Limited and Tudor Court Financial Planning (registered as Everyday Financial Advice Ltd were declared in default by the FSCS. 

TJM Partnership, formerly trading as T.J Market and Neovision Global Capital, has 10 claims in progress against it, most of which are personal pension related. 

The other failed company, Tudor Court Financial Planning, has its first claim in progress and is in relation to a pension transfer.

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