Broker named on FSCS insolvency list

UK sterling twenties

Organisation declared six financial firms in default in August 2018.

The Financial Services Compensation Scheme (FSCS) has declared Leicester-based Abbot Insurance Brokers, trading as Abbot Insurance, in default.

The compensation body stated that it is satisfied that the broker is unable to pay claims for compensation made against it, adding that it will now step in to help consumers that have been affected.

In total six failed financial firms were declared in default in August 2018.

In July the FSCS declared Ipswich-based broker Ignition Select to be in

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Markerstudy rebrands broking arm

Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.

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