FSCS declares nine advice firms in default

Nine of the 11 firms declared in default by the Financial Services Compensation Scheme this month are wealth management or advice firms, including one whose director was convicted of fraud. John B Carr Financial Services in Lincolnshire has been declared in default, along with London firms Barchester Green Limited and Kevin Neal Associated Wealth Management. Also in default are Manchester-based mortgage advice provider DFD Mortgages Limited, KWS Wealth Management in Milton Keynes, and Bradford Peters Financial Services in Crawley. In Scotland,  The Wealth Partnership was placed in ...