The Honister Capital administrator, Grant Thornton, has assured creditors that the 112 complaints it has received since the advisory firm went into administration will be dealt with by the Financial Services Compensation Scheme (FSCS).
In documents sent out to creditors last Friday, Honister administrator, Grant Thornton, broke down the 112 complaints it had received since the firm was put into administration into the advisory firm's divisions. Some 28 of the claims related to Honister Partners , 49 of the claims related to Burns Anderson, and 30 claims related to Sage Financial Services. None of these claims are covered by professional indemnity insurance. The 112 complaints are in addition to the 192 outstanding professional indemnity complaints received before the company went into administration. Each docu...
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