The Government backed Financial Services Compensation Scheme (FSCS), set up to help victims of failed financial firms, has recently confirmed on its website that financial advice firm, Multicorp Rose Limited (formerly Multicorp Rose Group Limited) has: "failed, or is in special administration".
Despite Multicorp Rose’s liquidation, investors concerned about losing their investment and/or the advice they were given, may still be able to recover compensation for their losses.
Where an investment provider goes out of business, compensation claims up to the value of £85,000 can still be made through the FSCS.
Commenting on recent developments with Multicorp Rose, Peter McKenna on LinkedIn, Partner and Head of the Financial Mis-Selling team at TLW Solicitors said:
“We act for a number of former clients of Multicorp Rose who, in our view, were given totally unsuitable financial advice. We are pleased that the FSCS has now accepted that the firm cannot meet its liabilities to its former clients and that our clients will now be able to recover compensation for the losses they suffered due to the unsuitable advice they were given.”
Working on a ‘no win – no fee’ basis, TLW’s experienced team can help you through the FSCS compensation process. Our clients are reassured by our knowledge and experience of FSCS procedures and, indeed, we have had FSCS claims successfully upheld for clients whose claims had previously been refused on purely technical grounds.
Meet Peter, Peter is a TLW Partner and Director of the Financial Mis-Selling team.
Peter is on hand to give you the best advice.
“We act for a number of former clients of Multicorp Rose who, in our view, were given totally unsuitable financial advice.”