Tailormade Independent Limited, an adviser firm belonging to a group of companies which promoted products from controversial Harlequin Property, has entered liquidation.
According to a notice posted on the Financial Services Compensation Scheme website, Paul Finnity and Dilip Dattani of Baker Tilly have been appointed joint liquidators of the company, which entered liquidation yesterday (15 October).
Tailormade entered administration last month (19 September). In March, the then Financial Services Authority imposed a restriction on the firm disallowing it from carrying on regulated activities in relation to new pension contracts.
The FSCS says it is aware of the situation and is working with the firm and Baker Tilly to understand what the failure might mean for its clients.
However, it added that it cannot confirm if grounds for compensation may exist.
The FSCS said: “We will be in a position to provide more information once our investigations have concluded. In the meantime, clients of the firm need take no further action.”
