FSCS Honister compensation hits £960k

Honister Capital and its IFA networks Sage Financial, Honister Partners and Burns Anderson were declared in default in May. The FSCS said it has received 418 claims in relation to the firms and it has paid out in 63 cases, and has rejected over 140. In May the FSCS asked the firms' clients to resubmit previous claims, including those who had previously been rejected. Any customers of the affected firms who believe that they were mis-sold an unregulated collective investment scheme should also contact the FSCS to make a claim, the scheme said. Honister was put into administration...