Six financial firms failed by FSCS in August and September

Including Pro-Synergy Wealth & Tax Management and Green Gem Financial

Jenna Brown
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has confirmed a total of six firms were declared in default – meaning clients can potentially make claims against them – in August and September.

In a regular update, the lifeboat fund said the firms were all now out of business and unable to meet any claims themselves meaning the FSCS can step in. The six firms were Green Gem Financial, Mark Peter Houlbrook (trading as Thorn Investment and Pension Services), Barton Hatcher Ingram Financial Management, Triple A Financial Services, Pro-Synergy Wealth & Tax Management and Colbourne & Company. Green Gem Financial was linked to the British Steel Pension Scheme scandal. The Birmingham-based firm was declared in default by the lifeboat fund in August after the first claim against ...

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 Regulation

FCA complaints: Pensions and investment gripes on the rise

FCA complaints: Pensions and investment gripes on the rise

Total number of financial services complaints hits 1.85 million

Jenna Brown
clock 23 October 2025 • 1 min read
Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 21 October 2025 • 1 min read
Regulatory pressure continues to 'weigh' on advisers

Regulatory pressure continues to 'weigh' on advisers

Consumer Duty and FCA reporting cited as biggest regulatory demands

Jenna Brown
clock 20 October 2025 • 1 min read