Independent Portfolio Managers Ltd has failed
London-based Independent Portfolio Managers Limited (IPM) has become the latest firm to fail after it was declared in default on 3 December 2018.
The news comes after a long-running dispute between IPM and its customers, which saw investors lose millions from the failure of two mini bonds that the firm had promoted. Many of these customers still have outstanding complaints with IPM and the Financial Ombudsman Service.
Jimmy Barber, Chief Operating Officer at FSCS, yesterday said:
“We estimate that 2,000 UK customers may be affected by the failure of IPM. However, the value of potential negligence claims is still unknown. We encourage all former IPM customers who think they might be entitled to compensation to make a claim on our website right away.”
Latest News from
Greater Milton and Possilpark Credit Union Ltd has failed13/03/2019 12:25:00
The Financial Services Compensation Scheme (FSCS) has announced the failure of Glasgow-based Greater Milton and Possilpark Credit Union Limited, which was declared in default on 12 March, 2019.
London Capital & Finance plc has failed07/03/2019 10:25:00
London Capital & Finance plc is in Administration. The Administrators are representatives from Smith & Williamson LLP.
Beaufort clients warned of potential scam11/02/2019 10:25:00
Beaufort administrators PricewaterhouseCoopers (PwC) have made FSCS aware that Beaufort clients are being approached by individuals claiming to be representatives of PwC or The Share Centre Limited (TSC).
FSCS warns consumers of potential scam05/02/2019 10:20:00
We want to make consumers aware of phishing emails claiming to be from FSCS that ask people to register a claim to receive large amounts of outstanding monies owed. These emails ask consumers to provide personal details.
Qudos Insurance A/S has failed21/12/2018 15:10:00
Danish-based Qudos Insurance A/S has become the latest firm to fail after FSCS declared it in default on 20 December 2018.
Horizon Insurance Company Ltd has failed20/12/2018 13:25:00
Gibraltar-based Horizon Insurance Company Ltd has become the latest firm to fail after FSCS declared it in default on 19 December 2018.
Alpha Insurance update22/11/2018 12:25:00
The Alpha Liquidator has recently sent out letters to all UK customers of Alpha insurance who have made a premium refund claim via the Alpha online portal.
We accept claims against The Mortgage Matters Partnership02/11/2018 16:18:00
The Financial Ombudsman Service (FOS) is no longer accepting claims against The Mortgage Matters Partnership (TMMP).