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Nine firms declared in default by FSSC

The Financial Services Compensation Scheme has declared nine firms in default.

The firms are Alexander Miller, formerly trading as Alex Miller Life & Pensions of Stamford; Terence Willison and Norris Kilby, formerly trading as Maywill Financial Services, of Birmingham; RE Hutt Independent Financial Advisers of Coventry, which is in liquidation; Carrington Financial Management, near Warrington; Kilbarrons of Cheshire; Nicholson Eastwood & Clark of Manchester; John Paul Hatfield, trading as Associated Financial Services, of Bicester; Massow Rainbow Group, formerly Massow Financial Services, of London, which is in receivership; and Melbourne Roberts Insurance Services of Watford.

Interim chief executive Ron Devlin says: “The FSCS plays an important role in providing a fund of last resort for consumers who have nowhere else to turn.”

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