The Financial Services Compensation Scheme (FSCS) has declared eight firms in default, including a number of advisers.
The latest list includes firms officially defaulting in June, which paved the way for the lifeboat fund to address valid claims consumers may have against them.
On the latest list of firms was Professional Financial Advisers of Cheltenham Ltd, Yorkshire-based ICF Group, and North Yorkshire-based Pentagon Independent, which formerly traded as Keypoint Independent, Pentagon Financial, and Pentagon Wealth Development.
Also on the list are West Midlands-based Squirrel PFA and Scottish firm Fergus Burns, which formerly traded as The Financial Planning Partnership.
Alex Kuczynski, chief corporate affairs officer at the FSCS, said: "FSCS steps in to protect consumers around the UK when authorised financial services firms go bust.
"We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you."
In May, the FSCS said it would be accepting claims against Full Circle Asset Management, based in Kent, which entered administration in December 2017 after being ordered by a court to pay damages to one of its clients because it had failed to apply stop losses as agreed, and failed to keep its client in assets appropriate to their agreed risk profile.
On top of this, a Welsh IFA firm, which the Financial Conduct Authority told to immediately stop all pension-related business, is also among the firms declared in default.
carmen.reichman@ft.com
