Consumers can claim up to £48,000 in compensation if they have lost money dealing with Charles Dutton Asset Management, according to the Financial Services Compensation Scheme (FSCS).
The FSA declared the Colchester-based asset manager in default earlier this month following its liquidation last March. The FSCS then received a compensation claim last April and another in January this year.
A spokeswoman for the FSCS says: “We have just had two claims. It is a relatively small default. The claims are in relation to the mismanagement of an investment portfolio so there might just be two claims.”
The FSCS has paid more than £1bn in compensation from its inception in December 2001 to January this year.
To comment on this story contact:
Tel: 020 7034 2679
E-mail: [email protected]
£92bn transferred since 2015
Achievements, charity work and other happy snippets
Since first announcement