The Rainbow Saver Anglia Credit Union Limited in Suffolk has been declared in default with the FSCS stepping in to protect 463 remaining members.

The Financial Services Compensation Scheme has opened the doors to client compensation on two Financial Planning firms it has declared in default.

The fourth credit union to collapse this year has been declared in default by the Financial Services Compensation Scheme this week.

The Financial Services Compensation Scheme has opened the doors to compensation on five failed financial firms it has declared in default.