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BBB network placed in default by FSCS

The Financial Services Compensation Scheme has declared the former network Berkely Berry Birch in default, paving the way for consumers to receive compensation.

FSCS chief executive Loretta Minghella says: “It is important for consumers to know that if they have had dealings with this firm, and believe they may have lost money as a result of negligent advice, they can contact us.”

Compensation of up to 48,000 can be claimed if they have lost money as a result of negligent advice from BBB, formely known as Berkeley Independent Advisors.

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