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The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based Atlantic Investors (Scotland) Ltd (FRN: 182565) as failed.

Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.

The Financial Services Compensation Scheme is investigating two failed adviser firms, including one hit with claims over SIPP advice.

The Financial Services Compensation Scheme has declared in default a Sipp adviser firm and three other advice firms.

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