Six financial firms failed by FSCS in August and September

Including Pro-Synergy Wealth & Tax Management and Green Gem Financial

Jenna Brown
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has confirmed a total of six firms were declared in default – meaning clients can potentially make claims against them – in August and September.

In a regular update, the lifeboat fund said the firms were all now out of business and unable to meet any claims themselves meaning the FSCS can step in. The six firms were Green Gem Financial, Mark Peter Houlbrook (trading as Thorn Investment and Pension Services), Barton Hatcher Ingram Financial Management, Triple A Financial Services, Pro-Synergy Wealth & Tax Management and Colbourne & Company. Green Gem Financial was linked to the British Steel Pension Scheme scandal. The Birmingham-based firm was declared in default by the lifeboat fund in August after the first claim against ...

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

FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA CEO term to end next year

Linus Uhlig
clock 19 November 2024 • 1 min read
A practical guide to getting ongoing reviews in order

A practical guide to getting ongoing reviews in order

Have you considered file checks on annual review cases?

Jennifer Peaty
clock 19 November 2024 • 6 min read
Treasury expected to start hunt for next FCA CEO – reports

Treasury expected to start hunt for next FCA CEO – reports

Process to begin in 2025

Sorin-Andrei Dojan
clock 11 November 2024 • 1 min read