简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Financial Services Compensation Scheme (FSCS) has officially announced that during the months of June and July 2023, seven companies have been declared in default. This status signifies that these firms have ceased operations and are incapable of fulfilling any pending claims.
The Financial Services Compensation Scheme (FSCS) has officially announced that during the months of June and July 2023, seven companies have been declared in default. This status signifies that these firms have ceased operations and are incapable of fulfilling any pending claims.
These businesses have closed down and lack the resources to honor any claims. Individuals who are owed funds by these entities can gain insights into their protection by visiting the FSCS website: https://www.fscs.org.uk/what-we-cover/.
Should a regulated financial institution cease trading and find itself unable to fulfill a customer's claim, the FSCS can intervene to provide compensation.
The declarations made by the FSCS from June 1, 2023, to July 31, 2023, are as follows:
Thomas Financial Ltd (FRN 473555) Address: The Hollies, Isca Road, Caerleon, Newport, Gwent, NP18 1QG
MacFarlaine & Brooks IFA Ltd (FRN 612753) Address: 651a Mauldeth Road, West Chorlton, Manchester M21 7SA
Wealthmasters Financial Management Ltd, trading as Gryphon Capital, Invictus Wealth, Sydney Charles UK (FRN 536087) Address: Atlantic House, Charnwood Park, Bridgend, Mid Glamorgan, CF31 3PL
Prism Independent Financial Advisers Ltd (FRN 515431) Address: 22 Risca Road Newport Gwent NP20 4JW
Maymont Wealth Limited, formerly GWM Investment Management Limited t/a Discover Wealth (FRN 629098) Address: 3rd Floor, 33 Bruton Street, London, W1J 6QU
Cheshire Trafford U.K. Limited, formerly Cheshire Trafford (Yorkshire) & Co. Limited (FRN 115194) Address: 34 St. Augustines Gate, Hedon, East Yorkshire, HU12 8EX
Temple Park Financial Services (FRN 163459) Address: 12 Templegate Walk, Leeds, West Yorkshire, LS15 0EU
The FSCS underscores that its services are provided at no cost to customers. The protection extends to funds held in banks, building societies, credit unions, as well as pension accounts. Moreover, FSCS offers coverage for financial advice, insurance, investments, mortgage-related services, debt management, and funeral plans. Individuals are entitled to retain the entirety of the compensation they rightfully claim through direct application to the FSCS.
Lila Pleban, Chief Communications Officer at the FSCS, stated:
“In the past fiscal year, the FSCS disbursed over £400 million in compensation, aiding nearly 68,000 individuals in regaining financial stability. We understand the stress caused when a company collapses, leaving its customers with outstanding debts. Our proficient claims handlers strive to simplify the complimentary compensation process as much as possible.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
This article explains the ins and outs of a cherry-picking scheme that happens widely in the financial markets. Understanding how cherry-picking works and spotting the warning signs can help traders protect themselves from these deceptive practices.
ATFX has introduced the MetaTrader 5 (MT5) platform in a strategic move to enhance operational efficiency and offer superior tools for navigating the global financial landscape.
London-based commodities broker Marex is poised to strengthen its operations in the Middle East with the acquisition of Abu Dhabi’s Aarna Capital Limited.
Currency movements—whether a currency strengthens or weakens—are critical indicators of a country's economic health and its position in the global market. In this article, we explore what these movements imply, and how they influence a country’s economic landscape.