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RE: PwC appointed administrators for Beaufort Securities as Financial Conduct Authority declares firm insolvent. Up to 20,000 clients have invested in products such as ISAs and Pensions and are owed around £700m..!!
This is terrible for a city broker firm that had started making a good reputation for itself. Am glad the customers have been considered with high priority amidst all this. Lets watch and see the persons identified by the high court have to offer. They need to go back to the drawing board to protect the assets from dissipation. At the moment, customers need to be settled, something they are entitled to. And I've already seen all this is in the process as customers have been asked to assign their legal rights in relation to their claims.