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FSCS declares four firms in default

The Financial Services Compensation Scheme has listed four financial services firms as insolvent during January.

Three of these were financial advisers and one a mortgage adviser.

The companies were the Mortgage Matters Partnership, based in Cheshire, Montpelier Group Limited, based in the West Midlands, and Balfour Group Limited and Allan McRoberts, based in Edinburgh and Glasgow respectively.

The FSCS advises that consumers could be in line for compensation, and that if they have lost any money as a result of their dealings with the failed financial firms, they should get in contact.

FSCS chief corporate affairs officer Alex Kuczynski says: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital service, which is free to consumers, protects your deposits, investments, home finance and insurance.

“We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”

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