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PPI broker enters administration

A rusty padlock

The Financial Services Compensation Scheme (FSCS) has confirmed that Wilmslow Financial Services has been put into administration.

The insurance broker's main focus was providing payment protection insurance (PPI) and the FSCS said on its website that it was investigating how it could help consumers who had lost money through dealing with the firm.

Wilmslow's website stated: "Philip Duffy and Sarah Bell were appointed as joint administrators of Wilmslow Financial Services on 17 May 2011.

"The joint administrators are currently reviewing the financial position of the company and will contact all known creditors in due course

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