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FSCS declares seven investment and pensions firms in default

The Financial Services Compensation Scheme has declared seven investment and life and pensions firms in default, ruling that they cannot meet compensation claims against them.

The firms are among 14 companies declared in default, including mortgage brokers and general insurers.

Customers of those companies can now make claims for compensation to the FSCS, which is funded by an industry levy.

The following seven firms, classified as investment or life and pensions businesses by the FSCS, have been declared in default:

  • Lampott
  • Graham R Gomm
  • Bluegrove Wealth Management
  • Chartwell Associates
  • MLP Private Finance
  • Mortgage & Investment Solutions
  • Ingram Graham

The list includes one mortgage broker, Ideal Mortgage & Finance.

FSCS head of communications Mark Oakes says: “FSCS protects consumers around the UK when authorised financial services firms go bust. Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch, as we may be able to help you.”

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