Redmayne Bentley acquires client assets from stricken Blankstone Sington
Liverpool-based wealth manager went into administration last October
Liverpool-based wealth manager went into administration last October
Firm’s directors apply for court order
With all assets transferred to its sister company
After it sold off trustee arm and self-invested personal pension assets to Platform One
There were four formal offers for the companies
Sale of the businesses is expected within 14 days
As they create committee to consult on the best way forward
FSCS is investigating if there are any claims that meet the ‘qualifying conditions for compensation’
Around 40 clients invested roughly £4m in the absolute return forex bond
Regulator warns clients to ‘remain alert to the possibility of fraud’
Inability to renew or extend professional indemnity insurance cited among reasons
Just two weeks after it went into administration