Blankstone Sington declared failed by FSCS following administration

The Liverpool DFM entered special administration in October 2023

Isabel Baxter
clock • 1 min read

Discretionary fund manager Blankstone Sington has been declared failed by the Financial Services Compensation Scheme (FSCS).

This action by the FSCS on 6 January came after the firm entered special administration on 16 October 2023 following a court order. Blankstone Sington went into the hands of Leonard Curtis administrators Andrew Poxon, Alex Cadwallader and Hilary Pascoe. The confirmation of the Liverpool businesses' fate was confirmed by the Financial Conduct Authority (FCA) after it took action against Blankstone Sington in November 2021 to prevent it from accepting new clients, disposing or diminishing the value of its assets, or accepting new custody assets from its existing clients. According to...

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 Companies

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Dudley and Guildford-based IFAs purchased

Isabel Baxter
clock 17 April 2024 • 1 min read
Tatton sees AUM reach £17.6bn as advice firm numbers grow

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Discretionary fund manager records net flow increase of 28% to £2.3bn

Isabel Baxter
clock 16 April 2024 • 2 min read
New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read