Twelve life and pensions and investment companies placed in default by the FSCS are set to bring claims totalling approximately £2.5m. Figures provided by the FSCS to Financial Planner Online showed 102 claims. The three firms with the highest claims against were Aston Court Chambers with 16 at a total of £458,000 and Robert Kenny Associates with 29 at £870,000. The FSCS has so far compensated 11 claims for Merchant Capital worth just over £95,000 and there are still 24 outstanding claims with an estimated value of £676,000. {desktop}{/desktop}{mobile}{/mobile} This could change depending on the outcome of the claims and whether the FSCS receives any more following the publication of the default declarations.
The full list: • Merchant Capital - £771,000 (35 claims) • Robert Kenny Associates - £870,000 (29 claims) • Mirage Asset Management - £30,000 (4 claims) • Johnson Gower Financial Planning - £30,000 (1 claim) • Ian Brining & Associates - £6,000 (2 claims) • Ian L Maclean - £2,500 (1 claim) • TE Woodward & Co - £2,500 (1 claim) • Aston Court Chambers - £458,000 (16 claims) • Langmore James Associates - £30,000 (1 claim) • PIFA Limited trading as Bluebond Investments - £60,000 (2 claims) • Tawe Associates - £90,000 (4 claims) • 7Radley Financial Consultancy - £200,000 ( 6 claims)
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