The Financial Services Compensation Scheme has declared SIPP provider Heritage Pensions Limited (FRN 475096) in default three years after the firm went into liquidation.

London-based investment firm Equity for Growth (Securities) Limited (FRN475953) has gone into liquidation this week following an FCA petition to wind up the company.

The Financial Services Compensation Scheme plans to automate all ‘routine tasks’ with the use of artificial intelligence by 2031, according to its five-year strategy report.

The FSCS has today (20 March) declared failed white label SIPP provider Gaudi Regulated Services Limited (FRN: 488015) as in default.

The Financial Services Compensation Scheme has launched a marketing campaign to boost awareness of changes to how savings are protected.

London-based independent Lloyd’s broker Lonsdale Insurance Brokers Limited (FRN: 308425) has been declared in default by the Financial Services Compensation Scheme after being involved in the Blackmore mini-bond scandal, which saw investors lose £46m.

Surrey-based wealth manager Sigma Asset Management Ltd (FRN225526) -which was responsible for 18 appointed rep firms - has been declared in default this week by the Financial Services Compensation Scheme.

Milton Keynes-based financial adviser Chancery Partnership Ltd (FRN: 210093) has been declared in default by the Financial Services Compensation Scheme (FSCS) over 20 years after it lost regulatory authorisation.

Sheffield wealth manager Green Wealth Management Limited (FRN: 729066) has been declared in default by the Financial Services Compensation Scheme after being unable to meet claims against it.

Campbell & Associates Independent Financial Advice Ltd (FRN: 602550), whose director has been facing a £2.3m fraud charge, has today been declared as failed by the Financial Services Compensation Scheme.

The FSCS has declared in default failed IFA Nexus Independent Financial Advisers (FRN 584769) of Fareham, Hants, which was run by high-profile founder Kerry Nelson.

A Scottish financial adviser firm, which was based at Perth Airport, has failed after a pension claim against the business was upheld by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme is expecting a £9.5m fall in the cost of claims in its current financial year due to an overall reduction in the number of complaints.

Financial Planning industry veteran John Spiers, the founder of BestInvest and EQ Investors, was handed an MBE in the 2026 New Year Honours List.

The Financial Services Compensation Scheme (FSCS), the industry-funded consumer compensation body, declared 13 regulated firms in default between August and November, it reported today.

City-based investment firm Pello Capital (FRN 449720) has been declared in default by the Financial Services Compensation Scheme.

The FSCS's deposit protection limit will increase by £35,000 from £85,000 to £120,000 from 1 December, the Prudential Regulation Authority has confirmed.

The administrators of collapsed wealth manager WealthTek have returned almost £95m to 904 clients although the overall client shortfall still stands at £80.8m.

PTC Financial Advice (Scotland) Limited (FRN: 816036), has been declared in default by the FSCS, the industry compensation safety net.

Peter Kettell IFA (FRN: 209563), an adviser firm based in Sheffield, has been declared in default today by the FSCS, the industry compensation safety net.