West Yorkshire advice firm declared failed

Fifth FSCS firm failure of 2025

Jen Frost
clock • 2 min read

Reis Financial Planning, of Holmfirth in West Yorkshire, has become the latest financial advice business to be declared failed by the Financial Services Compensation Scheme (FSCS).

The financial planning firm was declared in default by the FSCS today, following the first claim against it being upheld. The single claim to date relates to pension transfers, the FSCS confirmed to PA. The claim was not related to British Steel Pension Scheme (BSPS) advice. The West Yorkshire company was dissolved in late October 2023, according to Companies House filings. It ceased to be Financial Conduct Authority Authorised (FCA) in June of 2023. Yesterday (19 February), the FSCS confirmed that its investigation into another advice firm, Independently East, is nearing completio...

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

West Yorkshire advice firm declared failed

West Yorkshire advice firm declared failed

Fifth FSCS firm failure of 2025

Jen Frost
clock 21 February 2025 • 2 min read
Modernising the redress system: A significant opportunity for reform

Modernising the redress system: A significant opportunity for reform

‘Genuine and significant opportunity to rethink the way that complaints are resolved’

David Pygott
clock 19 February 2025 • 5 min read
Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Preparation is key: Lessons from Curve’s experience

Professional Adviser
clock 17 February 2025 • 4 min read