Greyfriars Asset Management SIPP & DFM goes into administration

Greyfriars Asset Management LLP, a firm that dealt with both SIPP pensions and Discretionary Fund Management (DFM), has gone into administration. A note on the official public record (The Gazette) said that Greyfriars have appointed administrators from Smith & Williamson LLP on the 23rd of October 2018. What does “going into administration” mean? Going into administration…

5 financial advisers declared in default with FSCS: Can you claim?

The Financial Services Compensation Scheme has declared five financial advice firms in default in the month of September 2018. They are: Cygnus Investment Management Ltd Soussan, Esq Foreman Financial Services Ltd (Graingerco) Independent Mortgage Advice Bureau (Stevenage) Ltd The Financial Factory Ltd What does being declared in default by the FSCS mean? When claims are…

Did you transfer a final salary pension? You may have lost nearly half your retirement fund.

With the advice that people received to transfer their final salary and other defined benefit pensions very much in the spotlight, a new study by Royal London has shown just how damaging a final salary transfer can be to some unsuspecting people. The research data showed that pension savers who were around 10 years away from…

Elysian Fuels saga: Future Capital Partners Limited enters into liquidation

Future Capital Partners Limited, the firm that managed the liquidated bio-fuels investment Elysian Fuels, has itself entered into liquidation. The news of FCP entering liquidation, which began in early September 2018, follows months of industry speculation after it was revealed that it was facing closure as HMRC probed investors. Elysian Fuels was declared a tax…