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Compensation scheme defaults 16 companies

The Financial Services Compensation Scheme has declared 16 firms in default and is encouraging consumers who may have lost money with these firms to get in touch.

The Eastern region firms declared in default are Aldreds Financial Services in Great Yarmouth, Andrew Peat Financial Consultants (UK) of St Neots and CMB (Mortgage & Finance Services) in Sandy.

The firms in the North are Lyndhurst Associates (Hanley) and Vital Financial Services (in liquidation) of Manchester.

The Midlands-based firms are Frank Anderton (deceased) and Glenn Williamson (form- erly trading as Frank Anderton Insurance Consultants of Birmingham), Panchille Holdings (formerly Drewe Lacey Investment Management), Drew Lacey (Holdings) in Ross-on-Wye and Studley Financial Services.

Scottish firms First Somerville Property & Investment Company (in liquidation) and Thomas Dyer & Company (Management Consultants) both of Dundee, and Kilmar-nock-based Mr Hugh McRey-nolds (formerly trading as Lyn Mar Estate Agents) have also been declared in default.

Firms in default in the South-East, including London, are Virginia Water Anthony Schembri trading as Sims Independent Financial Services (formerly Surrey Insurance & Mortgage Services), David O&#39Keeffe (formerly trading as Grays Inn Financial Services of Sittingbourne), London firm Kaye Dee Insurance & Mortgage Consultants,PD Associates Group based in Fleet, and T Loftus & Company (Insurance Brokers) of Tunbridge Wells.

FSCS chief executive Suzanne McCarthy says: “It is important for consumers to be aware that a safety net exists. If they have lost money, we may be able to help.”


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