7,400 member credit union fails

West-Midlands credit union 6 Towns Credit Union Limited has been declared in default by the Financial Services Compensation Scheme.

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Hastings credit union declared in default

The FSCS has declared Hastings & Rother Credit Union Limited (trading as 1066 Community Bank) in default.

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Seven advice firms enter default in June and July

Seven financial adviser and Financial Planning firms entered default in June and July.

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2 more advice firms fail with BSPS claims

Two financial advice firms - one in Cardiff and one in Bristol - have been declared in default by the Financial Services Compensation Scheme with a combination of over 100 claims related to pension transfer advice.

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