The Investors Compensation Scheme says customers of eleven former investment firms can now lodge formal applications for compensation.
The firms involved are Bryanston Financial Services of Farnham, Surrey, Acorn Mortgage & Insurance Consultants of Walton on Thames, Surrey, White Knight of Bedminster, Bristol, Rossli Financial Services of London SW15, Kendall & Co Financial Services of Sheffield, Yorkshire, Home & Overseas Investment (UK) of East Grinstead, West Sussex, Salter Insurance Services of Enderby, Leicester, Westlon Financial Management of London E11, Holderness Financial Services of Hull North Humberside, DJ Bromige & Partners of London SW1 and Denave Financial Services of Chelmsford Essex.
The ICS says it is aware of cases of negligent advice by these brokers over personal pension sales. But these firms were unable to meets investment related claims made against them.
The scheme says it can help former customers of these firms and will now be contacting them.