Brokerage goes into administration

Payment protection insurance broker Wimslow Financial Services has gone into administration.

The Financial Services Compensation Scheme says it is investigating how it can help customers who have lost money through dealing with the firm.

Philip Duffy and Sarah Bell, partners at restructuring firm MCR, were appointed joint administrators on May 17.

MCR is expected to make a statement this week in relation to the number of claims it expects regarding the mis-selling of PPI.

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