FSCS 'making plans' to help clients of DFM that looks after £1bn assets

'No need to make a claim at this stage'

Tom Ellis
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The discretionary fund manager entered into administration on 8 October.
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The discretionary fund manager entered into administration on 8 October.

The Financial Services Compensation Scheme (FSCS) has said it is "making plans" to help eligible customers of troubled DFM Reyker Securities, which entered into administration on Tuesday (8 October).

Administrators Smith & Williamson (S&W) has been appointed to deal with the discretionary fund manager's special administration. It will carry out an assessment of the client money and assets held by the...

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