The Financial Services Compensation Scheme has declared seven investment and life and pensions advisory firms in default, opening the door for consumers to claim compensation through the scheme.
The scheme has already started paying compensation in respect of the defaulted firms, but published the full list to help customers claim.
Mark Oakes, head of communications for FSCS, added: “Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch, as we may be able to help you.”
The firms declared in default include London-based MLP Private Finance - formerly Maschollek, Lautenschlager and Partners Private Finance - which was acquired by Towry Law in October 2007.
Also listed is Egham-based Chartwell Associates (IFA) Limited, which was also bought up, this time in October 2012 by AFH Financial Group for a maximum consideration of £480,000 in cash.
The other firms listed in default are:
• Lampott Limited, formerly known as Lampott Financial Services Limited, formerly Robinson Financial Services, of Leeds;
• Graham R Gomm Limited, of Sutton Coldfield;
• Bluegrove Wealth Management Limited, of Harpenden;
• Mortgage & Investment Solutions Limited, trading as The Mortgage Store, of Kilmarnock; and
• Ingram Graham Limited, of Cardiff.
