A financial advice firm in Stafford has been declared in default by the Financial Services Compensation Scheme almost two years on from losing Financial Conduct Authority (FCA) authorisation.
The lifeboat fund confirmed Retirement Direct has gone into default in a statement on Friday (20 October). The firm was formerly known as Read Independent Financial Advisers between 1999 and 2011 but was rebranded after that. According to the FCA register, the firm has not traded or conducted business since November 2021.
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