The Financial Services Compensation Scheme (FSCS) has declared Dundee-based firm Chryson Wealth Management in default.
Chryson Wealth Management was declared failed today (23 August). The lifeboat fund said its clients should check to see if they are eligible for compensation. According to Companies House, the firm was incorporated on 10 July 2007. The FSCS told Professional Adviser that at present, there are 14 open claims linked to the firm relating to investment bonds, secured bonds and contract for difference. None of the claims relate to the British Steel Pension Scheme. On 14 August, the FSCS failed advice firm The Financial Planning Practice.
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