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FSCS declares Berry Birch and Noble Financial Planning in default

Berry Birch and Noble Financial Planning Limited has been declared in default by the Financial Services Compensation Scheme and has so far received 17 claims from consumers.

The FSCS declared Berry Birch and Noble in default on September 5.

Consumers can claim up to £48,000 in compensation if they have lost money as a result of dealings with the firm, which is made up of 100 per cent of the first £30,000 and 90 per cent of the next £20,000.

FSCS director of claims Jonathan Clark says: “FSCS is here and people who have suffered a loss when an authorised financial services firm fails have somewhere to turn to.”


FSA fines Egg £721,000 for PPI failings

The FSA has fined Egg Banking £721,000 for serious failings in its sales of credit card payment protection insurance and it is likely to have to pay significant sums in compensation.

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