The Financial Services Compensation Scheme (FSCS) is currently finalising the claims process for Fyshe Horton Finney (FHF), a stockbroker that entered the special administration regime (SAR) earlier this year.
The FSCS said it was working closely with the failed firm's special administrators Paul Boyle and David Clements, of Harrisons Business Recovery, and Insolvency Limited to be able to return funds to affected clients as quickly as possible.
The administrators will be contacting clients about their account balances which will determine the amount compensated to them. They also invite customers to contact them at [email protected] with any queries regarding the agreement of balances.
FHF placed itself into special administration in March forseeing that it would not be able to pay its debts.
The SAR came into effect in February 2011 and was subjected to a review by the Treasury in December 2012. A full report on the review is expected to be made public at the end of June.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation