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 crackdown leads 24 CFD firms to cease operating since 2025

FCA crackdown leads 24 CFD firms to cease operating since 2025

Misuse of authorisation

clock 25 September 2026 • 1 min read
Steve Andrews: The rewards of doing the right thing

Steve Andrews: The rewards of doing the right thing

Immanuel Kant's categorical imperative

Steve Andrews
clock 21 September 2026 • 4 min read
FCA crypto registrations more than double ahead of landmark regulatory framework

FCA crypto registrations more than double ahead of landmark regulatory framework

Majority now achieve approval

clock 21 September 2026 • 2 min read