BusinessBusiness RecoveryPwC administrators use debt collectors to chase BIA cash

PwC administrators use debt collectors to chase BIA cash

Administrators from PwC have recruited a debt collecting agency to recover money paid in compensation from the FSCS

PwC administrators of Berkley Independent
Advisors (BIA) are using a debt collection agency to chase four members of the
collapsed company for payment.

The debt collectors, Financial Service Recoveries, sent a letter to a former
BIA member requesting payment of more than £500,000,
Money
Marketing
reported. A PwC spokeswoman confirmed FSR has been contracted to
recover money owed.

The PwC spokeswoman said FSR were drafted to recover money paid out by the
Financial Services Compensation Scheme on policies “considered negligent or
missold”.

PwC were appointed administrators for Berkley Berry Birch in March 2006 with
Berkley Independent Advisers a subsidiary.

Further reading:

Aero
Inventory sale delayed by inaccurate data, say administrators

BDO
cleared of misconduct in XL collapse

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