IFA with links to multi-asset fund subject to SFO probe declared failed

FSCS receives 25 pension claims about Shropshire advice firm

Ayesha Venkataraman
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has declared the Shropshire-based advice firm Nationwide Benefit Consultants Limited (NBCL) and Devon-based Trust Financial Consulting (TFC) in default.

One of the two firms, NBCL, acted as an appointed representative (AR) of Joseph Oliver Mediação de Seguros, Lda - a Portuguese firm regulated by the Instituto de Seguros de Portugal - between 29 May 2014 and 8 April 2016. Joseph Oliver Mediação de Seguros, Lda passported into the UK under the Insurance Distribution Directive, according to the FSCS. NBCL, trading as ‘The Pension Reporter', was incorporated on 15 December 2011, according to Companies House. It ceased to be registered as an AR with the Financial Conduct Authority (FCA) on 8 April 2016 and was subsequently dissolved on 14 Au...

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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA revokes passported Irish firm's temporary permissions

FCA revokes passported Irish firm's temporary permissions

Wellington Court Financial Services cannot carry out regulated activity

Isabel Baxter
clock 09 October 2023 • 1 min read
FCA cancels permissions of Hove firm Albany Financial Consultants

FCA cancels permissions of Hove firm Albany Financial Consultants

Cancellation of Part 4A permissions enacted with immediate affect

Hope William-Smith
clock 01 September 2023 • 1 min read
Labour branded 'short-sighted' for vowing to battle lifetime allowance

Labour branded 'short-sighted' for vowing to battle lifetime allowance

Consultancy says attention on pensions is better spent elsewhere

Jonathan Stapleton
clock 13 April 2023 • 1 min read