Adviser firm Hunstman Hawkes has been declared in default by the Financial Services Compensation Scheme (FSCS).
According to a note on the FSCS website, the Kent-based firm entered special administration this morning (4 March). Prior to that, Hunstman Hawkes was under investigation by the lifeboat fund and has since received a valid claim against it to be officially declared in default. The firm was previously trading as Fenchurch Wealth Management, Pensions Direct and before that, it was known as Huntsman Hawkes Wealth Management. The FSCS told Professional Adviser it had so far received 17 claims against the firm, including one claim regarding a self-invested personal pension (SIPP). The lif...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes