The Financial Services Compensation Scheme has declared London-based Holistic Pension Transfer Specialists and Sussex-based J Monroe Ltd in default.
According to the FCA register, Holistic Pension Transfer Specialists is still authorised but only for specific activities and product types.
Companies House shows the firm has gone into liquidation with a voluntary liquidator having been appointed in July 2023.
The lifeboat scheme told FT Adviser it had received 11 claims in total so far, with one rejected and one upheld, which were mainly pension transfer advice related.
Second failed firm
J Monroe Ltd has not been authorised since August 2021, according to the FCA register.
The firm was then dissolved in September 2023 following liquidation, Companies House revealed.
The FSCS said the firm was declared this morning (July 4) after the first claim was upheld with the firm covering life distribution, pensions and investment intermediation.
This comes after the lifeboat scheme declared firm MacInnes and Bottomley in default on Monday (July 1).
When searching for the firm on the FCA register, it could not be found, the FSCS confirmed there was no record of the firm on the register and no evidence of the FCA or FSA regulating the firm.
alina.khan@ft.com
