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16 IFA firms in default

Sixteen IFA firms have been declared in default of the Financial Services Compensation Scheme.

The list includes Whitechurch Investment Services from Bristol, and Oaktree Financial Services from Nottingham.

Other firms in default are Leon Menzies, Buckhurst Hill;Stigenace Financial Services, Stevenage; Earl Kenneth Derrick, Nottingham; The Insurance Centre Limited, Northampton; Brian Thompson, Newcastle; HR Wilson & Partners, Hartlepool; Henry Knott Associates, Bolton; Wemyssfield Insurance Brokers, Kirkcaldy; Bone & Company (International), from Farnham; Lloyd Bentley, London; Bartlett Davies Bicks (Financial), Swindon, and Tudor House Financial Services, Wrexham; Askham Financial Services (Humberside), Scunthorpe; Miltonash, Swindon.

FSCS chief executive Loretta Minghella says: “It is important that consumers know there is a fund of last resort if they have a claim against a financial services firm. Without the FSCS, many consumers would have nowhere to turn.”

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