The Financial Services Compensation Scheme has declared Honister Capital, including Sage Financial, Honister Partners and Burns Anderson, to be in default.
The FSCS is asking Honister Capital claimants to resubmit their claims after the relevant firms were declared in default today, including claimants who have previously had their claims rejected.
Honister Capital entered administration on 3 July 2012 after having failed to secure professional indemnity insurance and facing £6m of uninsured claims. Grant Thornton was appointed administrator for the group.
The administrators have confirmed unregulated collective investment scheme sales were carried out by the appointed representatives of Honister Capital and customers who believe they were missold these products should also contact the FSCS.