FSCS to compensate 2,500 investors of collapsed DFM Strand Capital

The distribution plan was approved by the High Court on 2 April, and clients have been urged to contact the special administrators of Strand, Smith & Williamson, to prove details of where their assets should be sent.  Strand filed an application to the High Court for its special administration order on 15 May 2017 because it had become insolvent.  According to the Smith & Williamson, during 2016 the company's sole shareholder was seeking to dispose of its interest in the company because it was no longer a strategic fit with its ongoing business plan. As part of these plans, a sale by ...