The Financial Services Compensation Scheme has opened investigations into two more regulated firms as it launches a spate of probes into firms.

The Financial Services Compensation Scheme has launched probes into two failed investment firms this week - IFA firm Verus Financial Services Ltd and investment provider Aspiro Research and Development LLP.

Doncaster-based finance firm Switch Lifestyles Ltd (FRN: 842488) has been declared in default by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme has so far paid out almost £50m in compensation to victims of the Ethical Forestry Limited investment fraud.

London-based firm Equitrade Markets Ltd (441877) has been declared in default by the Financial Services Compensation Scheme.

West Yorkshire-based advice firm Your Mortgage Decisions Limited (FRN: 459763) has been declared in default by the Financial Services Compensation Scheme.

Essex IFA firm EB Securities Limited (FRN 478541) has been declared in default today (14 August) by the Financial Services Compensation Scheme.

Norwich Financial Planning firm Signpost Financial Planning Ltd (FRN: 575237) has been declared in default by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme has declared failed mini-bond linked firm Equity For Growth (Securities) Limited (EFG) as in default.

The Financial Services Compensation Scheme (FSCS) is planning to make consumers more aware of the £85,000 limit on investment claim compensation which has not increased since 2019.

Northants financial adviser firm Suber PCS LLP (formerly Chancery (UK) LLP) has been declared in default today by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme (FSCS) has appointed former FCA acting CEO Tracey McDermott, former building society boss Andrew Craddock, and banker Mark Suthern as non-executive board directors.

The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, recovered £34m from failed firms in its 2025/2026 year and paid compensation to 14,000 people.

Herts-based crowd-funding platform Business Agent Ltd, trading as NextCrowd and NextFin (FRN: 669880), has been declared in default by the Financial Services Compensation Scheme.

The FSCS has said its total industry levy payable by firms for the 2026/27 financial year will be £247m, a fall of £95m on its previously published forecasts.

Essex financial adviser firm Kapwealth Ltd (formerly Titan Investment Partners Ltd) has been declared in default by the Financial Services Compensation Scheme.

Manchester-based Enterprise Investment Scheme provider and discretionary manager Great Point Investments Ltd (FRN 606798) has today been declared as failed by the Financial Services Compensation Scheme (FSCS), opening the door to ex-clients to claim compensation of up to £85,000 each.

The FSCS has declared Essex-based financial adviser Capital Wealth Solutions Ltd (FRN: 536958) in default.

The FSCS has declared Leicester-based Trust Financial Planning Limited (FRN: 407457) in default.

The FSCS has declared Yorkshire adviser firm Barfield Associates Limited (FRN: 116531) in default after receiving two claims, both relating to pensions advice.