Cheshire-based Sterling Green Ltd and Rochdale-based Frodsham Financial Planning Limited have failed with the Financial Services Compensation Scheme.
The FSCS has received four claims so far against Sterling Green Ltd relating to self-invested personal pensions.
A spokesperson for the lifeboat scheme said two of the claims have been upheld and two more are in progress.
According to the FCA Register, Sterling Green Ltd has not been authorised since January 2023 with Companies House showing it is in liquidation.
The firm previously traded under the name Sterling Green (Mortgages) Limited.
The FSCS also confirmed it has received two claims so far against Frodsham Financial Planning Limited relating to home finance and pensions.
A spokesperson for the scheme told FT Adviser one of the claims has been upheld and the other is still in progress.
The firm has not been authorised by the FCA since July 2020 and was dissolved in May 2021, according to Companies House.
It previously traded under the name Tom Carroll Associates Financial Planning Limited.
Last week (February 8) the FSCS put Portugal-based Abana Unipessoal Ltd in default after receiving 17 claims relating to insurance, pension and Sipp advice.
Abana was a Portuguese firm that, prior to December 31, 2020, passported into the UK on a services basis with its passport only covering insurance intermediation in the UK.
The FSCS determined that Abana undertook regulated activities for customers outside of its insurance intermediation permissions in the UK.
These regulated activities included arranging pension transfers, including into the Avalon and Westerby Sipp, both UK-based Sipp providers.
alina.khan@ft.com
