Leeds-based financial adviser Temple Park Financial Services (FRN 163459) has been declared a failed firm by the FSCS after seven claims related to endowment mortgage sales.

One of the claims has been upheld, triggering the default which means the Financial Services Compensation Scheme will now consider claims for compensation.

The FSCS said there had been seven claims against the firm so far and the claims were mainly mortgage endowment advice-related.

According to the FCA Register, the firm had 14 regulated individuals, including several CF24 pension transfer specialists, although the FSCS said there were no pension transfer claims.

The firm ceased to be authorised in 2009 and was previously authorised by FCA predecessor the FSA.

The firm, based in Templegate Walk, Leeds, had several appointed representatives including Carter Financial Planning (FRN 20616), GRF Financial Limited (FRN 224815) and Pension & Investment Centre (FRN 221960).