In the ever-evolving landscape of financial services, staying informed about the history and practices of various firms is crucial for making informed decisions.
Today, we turn our attention to Hudson Foster Financial Services Ltd, a regulated independent financial advisor that has recently come under scrutiny for its past activities. In this article, we delve into the company's background, its trading aliases, and the recent events surrounding it.
Hudson Foster Financial Services Ltd: An Overview
Hudson Foster Financial Services Ltd, previously known as 'Hudson Foster & Co' and 'Great Benefits Financial', has been a presence in the financial advisory industry for several years. The company was dissolved through a voluntary strike-off in March 2022. Post dissolution, the Financial Services Compensation Scheme (FSCS) declared Hudson Foster Financial Services Ltd in default on 31 March 2023. This event marked a significant turning point in the company's trajectory.
Operating under the trading names 'Moneytree' and 'The Equity Release Adviser', Hudson Foster Financial Services Ltd provided a range of regulated financial advisory services to its clients. According to its Financial Conduct Authority (FCA) register entry, the firm had four Appointed Representatives between 2015 and 2019.
These representatives included:
- Check My Pension Limited
- Money Tree Employee Benefits Ltd
- Securus Business Protection Limited
- The Financial Advice Service Ltd.
Recent Developments and Claims Against Hudson Foster Financial Services Ltd
It's important to note that Hudson Foster Financial Services Ltd was an Appointed Representative of Moneyinfo Limited from April 2019 to August 2021. However, in September 2021, the FCA revoked its authorisation, rendering the firm 'no longer authorised' to provide regulated financial services. As a result, Hudson Foster Financial Services Ltd is no longer operational, creating an opportunity for individuals who may have been affected by its practices to pursue claims.
As of April 2023, the FSCS had upheld claims against Hudson Foster Financial Services Ltd. Out of the four claims filed against the firm for various types of financial advice, one claim has been upheld, one was in progress, and two have been unsuccessful. It's worth noting that these claims did not pertain to the British Steel Pension Scheme issue.
Between the beginning of the year and then, the FSCS had also declared 25 other firms in default, underscoring the ongoing need for vigilance in the financial sector.
The Power of Opening a Claim
Opening a claim is not just about seeking monetary compensation; it's a proactive way to address the repercussions of financial mismanagement. When a financial firm fails to uphold its duty of care and provides advice that leads to financial losses, individuals deserve a chance to rectify the situation.
A claim offers you the opportunity to regain some control over your financial circumstances and potentially recover losses that may have resulted from improper advice or practices.
If you believe that you have been impacted by the activities of Hudson Foster Financial Services Ltd, you may have the opportunity to file a claim. Opening a claim with us at CP Financial Claims allows you to seek compensation for any losses incurred.
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