FSCS website
A Surrey-based financial adviser firm which was dissolved in 2015 has this week been declared in default by the FSCS.
The FSCS has upheld a pension-related complaint agains the firm, Bourne House Ltd (FRN 462820) of Whyteleafe, Surrey, triggering the default declaration.
The default decision means the firm is unable to meet any claims for compensation from ex-clients.
The FSCS, an industry-funded compensation safety-net for consumers, can pay up to £85,000 per valid claim once a firm has been declared in default.
Bourne House Ltd was formerly known at one point as F T Financial Management Ltd although it is not known to have any connection to the FT group.
According to the FCA register the firm was established in 2007 and was no longer authorised after June 2011.
It went into liquidation in 2014 and was dissolved in 2015.
Three individuals are registered on the FCA register as working for the company: Robert John Price, Paul William Fincham and Adrian Robert Turner.