Consumers could be in line for compensation as the UK Financial Services Compensation Scheme (FSCS) confirmed that the nine firms were declared insolvent in December 2023 and January 2024.
The following companies have gone out of business and are unable to meet any claim themselves:
- Quadros Financial Solutions Ltd (FRN 764760) 78 Birmingham Street, Oldbury, B69 4EB
- Bluesky Wealth Management Ltd, trading as Pensions Matter (FRN 446963) 79 Caroline Street, Birmingham, B3 1UP
- IFS Aegis Ltd, formerly Authorized Financial Advisors Ltd (FRN 587982) Unit 404 Stonehouse Park, Sperry Way, Stonehouse, Gloucestershire, GL10 3UT
- Houghton Edwards LLP (FRN 591926) Ranworth House 87 London Road Worcester WR5 2DZ
- Rowanmoor Personal Pensions Ltd, trading as Rowanmoor (FRN 458260) One Glass Wharf, Bristol, BS2 0ZX
- The Chambers Partnership Ltd (FRN 495472) Beechfield House, Winterton Way, Lyme Green Business Park, Macclesfield, Cheshire, SK11 0LP
- D & G Financial Services Ltd, trading as D&G Insurance Services, AWC Insurance Services (FRN 208521) 23A Harraton Terrace, Durham Road, Birtley, County Durham, DH3 2QGD
- Niche Independent Financial Advisers Ltd (FRN 472635) 9 Pye Corner, Rogerstone, Newport, NP10 9ES
- Smith Holdings Ltd, trading as Life Time Independent (FRN 441726) Bramley House, 56 Bramhall Lane South, Bramhall, Stockport, Cheshire, SK7 1AH
Customers who are owed money by these companies can see how they are protected by visiting the FSCS website at www.fscs.org.uk/what-we-cover.
If a regulated financial company is no longer trading and cannot pay a customer’s claim, the FSCS can step in to pay compensation.
The FSCS is independent and its service is free to customers. FSCS protection covers money held in bank, building society and credit union accounts and the FSCS also protects insurance, investments, finance and mortgage advice and arrangements, debt management and funeral plans. Customers keep all the compensation they are owed when they claim directly through the FSCS.
Visit requests.fscs.org.uk if you want to make a claim with the FSCS against any of these companies. You can also contact the FSCS Customer Service Team on 0800 678 1100 or by email at enquiries@fscs.org.uk.