Daily Archives: July 10, 2018


Who Does The Money In Your Investment Account Belong To – Beaufort Securities

In private investor circles, the main talking point this year has been the scandal surrounding Beaufort Securities. It has left many investors asking the question “who does the money in my investment account really belong to?” Background to the Beaufort Securities Scandal On 2 March 2018, the Financial Conduct Authority (FCA) declared Beaufort Securities Limited (BSL) and sister company Beaufort Asset Clearing Services Limited (BACSL) insolvent. Following this, PricewaterhouseCoopers (PwC) were appointed as administrators. PwC have estimated that it’s fees for administration would be in the region of £50million to £100 million. This amount is truly astonishing. But that is not the scandal here. The scandal is that PwC want […]