The UK Financial Services Compensation Scheme (FSCS) confirms that 13 firms were declared in default in December 2022 and January 2023.
These firms have gone out of business and FSCS believes they are unable to meet any claims themselves. This means that any customers who are owed money by them can see how they’re protected by visiting FSCS here – https://www.fscs.org.uk/what-we-cover/.
If a regulated financial firm is no longer trading and can’t pay a customer’s claim, FSCS can step in to pay compensation.
Declarations by FSCS from 1 December 2022 to 30 January 2023:
- Better Retirement Group Ltd formerly Directly Financial Ltd, Financial Strategy Ltd (FRN 153420) 400…