UK wealth manager enters administration
After the regulator imposed restrictions on the firm in March 2021
Administration
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5 advice firms declared in default in first two months of 2021
Four life and pension companies also shut up shop during the period
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Insurers fail to pay mini-bond victims
As bondholders face losing any redress on £46m investment
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Woodford investors to wait another year to get money back
As they are hit with a £16m wind-up bill from the administrators
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UK financial advice firm enters administration
A year after it adopted the CII and PFS Pension Transfer Gold Status
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UK lifeboat scheme gives 18,000 investors access to money
After a collapsed wealth firm’s client book was transferred to a nominated broker
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‘Significant shortfalls’ for investors of failed mini-bond firm
Company only had £906 in its bank account when it entered administration
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Collapsed wealth firm sells client book
After entering administration in August 2019
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FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
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Another mini-bond firm enters administration
It comes after a group of LCF investors launched a crowdfund campaign to challenge the FSCS
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Another mini-bond firm collapses
Around 1,800 customers invested roughly £36m
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Clients of collapsed wealth firm to be refunded brokerage costs
As joint special administrators work alongside UK lifeboat scheme to distribute assets