The Financial Services Compensation Scheme (FSCS) has declared South Wales-based Niche Independent Financial Advisers Ltd (FRN: 472635) as failed.

The Financial Services Compensation Scheme, the government-backed investor safety net, is to expand its number of expert staff to cope with a rise in complex cases.

County Durham-based firm D&G Financial Services Ltd (FRN: 208521) has been declared in default by the Financial Services Compensation Scheme.

Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).