According to the FSCS, former clients may be eligible to make a claim against Osborn Wealth Management Ltd.
The FSCS said it had upheld a pension transfer advice claim against it, triggering the declaration of default.
The claim is not related to the British Steel pension scheme saga.
The company, which was dissolved in 2017 according to Companies House, provided life insurance, life reinsurance and security and commodities dealing, as well as providing financial intermediation.
The last set of filed accounts before the firm’s voluntary liquidation in 2014 show that the company had £10,000 in capital with net assets of £428,161.
Since the start of the month, the FSCS has declared five other firms in default.
This includes DAC Pensions, which failed with nearly 500 claims against it.
Other firms which were declared in default include Portal Financial Services and Green Gem Financial.