FSCS declares NJ Associates in default following 31 complaints

NJA began being wound up on 13 September 2019 and entered special administration on 24 January. The firm had served as principal of advice company Pensions Calculator, which had previously worked with failed discretionary fund management firm Organic Investment Management and collapsed last year. The lifeboat fund told Professional Adviser it had received 31 applications for compensation against NJA and has paid one claim so far. Yerrill Murphy insolvency practitioner Ian Douglas Yerrill was appointed as the firm's administrator.  Companies House listed NJA as a firm that conducts "ac...