Advice firm fails with 5 claims over Sipp advice

The Financial Services Compensation Scheme has declared advice firm Thompson Prior, which was liquidated three years ago, in default after a number of claims related to self-invested personal pension advice claims were made against it, adding it to the list of firms (which includes Heritage Pensions Limited, Rowanmoor Personal Pensions Limited, Nationwide Benefit Consultants Limited and Trust Financial Consulting Ltd) to have collapsed in relation to pension claims. 

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