WIFA winner launched advice firm FSWM in February last year

Investment in unregulated Spanish business

FCA secures this after £19m was taken from more than 240 investors

Looking to snap up and merge firm as part of its ‘project Canaries’

Expected to lead to delays in payments to beneficiaries

Lincoln-based firm will run from Monday to Thursday

Many firms have stopped offering DB advice, regulator finds

Will include model portfolios on adviser platforms and funds that mirror MPS strategies

Nucleus’ buy of Third Financial tops the table

Delivery by second half of 2025