Coventry based firm Oakwood Financial Management and Worcestershire firm Go IFA have been declared failed the Financial Services Compensation Scheme (FSCS).
The FSCS said the firms are no longer trading, so customers can make claims against them. Both firms were declared failed by the lifeboat fund yesterday (10 April). The FSCS has received three claims for Go IFA, one has been upheld and two are in progress. The lifeboat fund confirmed that these are for pension transfer and self-invested personal pensions advice. According to the Financial Conduct Authority (FCA) register, Go IFA has not been authorised since 6 February 2017. Meanwhile, the FSCS said it received 13 claims in total against Oakwood Financial Management, two of whic...
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