Men are biggest victims of £2bn pension and SIPP losses

Almost £2bn has been lost from UK pension pots and SIPPs since 2019 because of financial advisers and providers going out of business, according to new data from the Financial Services Compensation Scheme.

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Hampshire-based adviser firm fails

The Financial Services Compensation Scheme (FSCS) has declared Farnham, Hampshire-based Finsbury Financial Limited (FRN: 503294) as failed.

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Manchester-based pension transfer adviser fails

The Financial Services Compensation Scheme (FSCS) has declared Manchester-based Pension Advice Specialists Ltd (FRN: 792927) as failed.

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Swindon-based adviser fails over pensions claim

The Financial Services Compensation Scheme has declared Swindon-based advice firm AP Financial Services UK Ltd in default.

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