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Medical and Professional Financial Management in Default with FSCS

The same firm was ordered to pay a client compensation by the FOS for mis-selling investments through SIPPS

A new list of 17 advice firms who have been declared “in default” with the FSCS has been published via a press release, featuring Medical and Professional Financial Management, an Edinburgh based firm that is no-longer authorised by the FCA.

Medical and Professional, who also traded as Medical and Professional Financial Management, were found at fault by the Financial Ombudsman Services back in 2014, and gave financial redress to a ‘Ms B’ in published complaint DRN9707370.

Unregulated Investment into a SIPP

Ms B complained that the advice she received from Medical and Professional was unsuitable, which was to invest in a Self-Invested Personal Pension and to invest in a UCIS – and unregulated collective investment scheme, which did not fit her attitude to risk.

List of 17

The following firms have now been added to the list of firms the FSCS have declared in Default, meaning that the life-boat scheme is satisfied that the firms can not payout on successful claims against them, and the FSCS would have to pick up the tab in such a case.

Strand Capital Limited
CC Bikes Realisations Limited
F. White & Partners
Danesfield Securities Limited
Rock Capital Group Plc
Financial Wisdom Limited
Calland Insurance & Mortgage Services
Neil Haworth Esq.
Cobra Giles Limited
Maitland Finance Company
Vima Insurance Services Limited
The Platinum Partnership Limited
E Brammah (Deceased)
Vickring Limited
Seward (Wessex) Limited
Bright Financial Associates Limited
Medical and Professional Financial Management


Spencer Churchill Claims Advice are specialists in cases of negligent financial advice, and fight hard on our clients’ behalves to claim their money!

You can also find out more mis-sold pensions here.

Alex Waters
7 September 2017
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