North East-based financial advice firm PCM Asset Management Limited (FRN: 589116) has been declared in default by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme (FSCS) has today appointed interim CEO Martyn Beauchamp as its permanent CEO.

West Yorkshire adviser firm Reis Financial Planning Ltd (FRN: 673257) has been declared in default by the Financial Services Compensation Scheme today after a first claim against the firm was upheld.

A Surrey-based financial adviser firm which was dissolved in 2015 has this week been declared in default by the FSCS.

The Financial Services Compensation Scheme has declared Leeds-based pension transfer adviser Gainsborough Financial Services (FRN: 145971) in default.