FSCS declares Dundee-based wealth manager in default

Chryson Wealth Management officially failed on 23 August

Isabel Baxter
clock • 1 min read

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.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Newcastle Building Society advice arm buys ex-footballer's firm

Newcastle Building Society advice arm buys ex-footballer's firm

The advice firm of former Newcastle United footballer Keith Dyson

Hope Coumbe
clock 20 June 2024 • 1 min read
Advisers note uptick in clients rejecting harmful climate investments

Advisers note uptick in clients rejecting harmful climate investments

More clients focusing on climate risk in investment portfolios

Sahar Nazir
clock 20 June 2024 • 1 min read
Disillusioned advisers divided on general election hopes

Disillusioned advisers divided on general election hopes

Votes of financial advisers are up for grabs on 4 July

Laura Miller
clock 20 June 2024 • 5 min read