London Court enters liquidation following FCA scrutiny

FSCS anticipates ‘complex’ claims investigation

Jen Frost
clock • 2 min read

London Court has entered creditors’ voluntary liquidation following the imposition of regulatory restrictions around a year ago.

Quantuma Advisory's Rehan Ahmed and Tauseef Rashid have been appointed as joint liquidators of the Kensington-based ISA manager and investment adviser. The Financial Services Compensation Scheme (FSCS) has opened to London Court customer claims. However, it noted that its team is set to investigate whether claims meet the "qualifying conditions" for compensation. "We anticipate this will be a complex investigation and we anticipate working very closely with the jJoint lLiquidators," the FSCS stated. London Court previously faced FCA supervisory action  London Court acted as a bon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Why 'polluter pays' isn't as simple as it seems

Why 'polluter pays' isn't as simple as it seems

'If only life was that easy'

Justin Cash
clock 20 December 2024 • 4 min read
'It's just not good enough' – service continues to frustrate advisers

'It's just not good enough' – service continues to frustrate advisers

Regulation ‘not biting the real day to day grind’

Jen Frost
clock 10 December 2024 • 3 min read
Consumers invited to debate on the idea of targeted support

Consumers invited to debate on the idea of targeted support

Phoenix Insights forms panel to meet in early 2025

Isabel Baxter
clock 10 December 2024 • 2 min read