The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

The Financial Services Compensation Scheme has declared Bailey Richards Wealth Management (FRN: 583487) in default.

The FCA has warned that at least 15 firms are targeting BSPS victims with unsolicited and misleading offers of redress.

There is no getting away from the fact that 2023 will be a very busy year for Financial Planners and that, despite the grim economic backdrop, there are some positive signs.