Property fund claims help push 24 firms into default

Laura Miller

Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.

The FSCS said it has received around 130 claims against two dozen defaulted firms in relation to advice to invest in the Stirling Mortimer property funds. A firm is declared in default by the FSCS if...

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