Two brokers on FSCS insolvency list

Money

The Financial Services Compensation Scheme (FSCS) declared 35 failed regulated firms in default between 1 August and 31 October 2019.

The list included two insurance brokers – Strathearn Insurance Services in London and Bellfield Financial Services, formerly Kirkintilloch Insurance Services, with a registered address in Glasgow.

The FSCS explained that a declaration of default means it is satisfied that a firm cannot pay claims for compensation made against it.

It added that consumers who

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