By Intense Life Desires 
FSCS HQ
The Financial Services Compensation Scheme (FSCS), the industry-funded consumer compensation body, declared five regulated firms in default in June and July, it reported today.
The firm have gone out of business and are unable to meet any claims themselves, the FSCS said.
The latest list includes several firms of financial advisers, including Christopher Barker t/a Apollo Pension & Investment Advisers, Facet Investment Management Ltd and Corporate & Professional Pensions Ltd.
The FSCS said compensation for clients of Facet Investment Management has so far cost £210,000 while Christopher Barker t/a Apollo Pension & Investment Advisers has cost between £50,000 and £100,000.
The biggest failure in the past financial year was Raedex Consortium Limited which failed in April and has so far cost £1.6m.
Ex-clients of the firms may be in line for a pay out of upto £85,000 each if they have a successful claim against the firms.
Customers who may be owed money by these firms can find out how to make a claim by visiting the FSCS website at www.fscs.org.uk/making-a-claim/.
Defaults declared by the FSCS 1 June to 31 July (5 firms):
|
Firm
|
Address
|
Date declared in default
|
|
PCM Asset Management Limited
(FRN 589116)
|
29 Middlegate, Loansdean, Morpeth, Northumberland, NE61 2DD
|
04/06/2025
|
|
Christopher Barker t/a Apollo Pension & Investment Advisers
(FRN 470611)
|
Unit 4B, Christchurch House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX
|
06/06/2025
|
|
Facet Investment Management Ltd, formerly Financial Advisors to Consultants Engineers and Technologists Ltd
(FRN 131372)
|
Unit 35, Basepoint Business Centre, Metcalf Way, Crawley, RH11 7XX
|
15/07/2025
|
|
Forthplus Pensions Limited formerly Athena Pensions Limited, Helium Miracle 119 Limited
(FRN 653170)
|
Elma House, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YG
|
22/07/2025
|
|
Corporate & Professional Pensions Limited
(FRN 465748)
|
Unit 23, 15 Jubilee Close, Weymouth, Dorset, DT4 7BS
|
25/07/2025
|
Source: FSCS
Of the 17 firms the FSCS has declared in default this financial year, the top eight in terms of compensation paid out by FSCS (at the end of July) are listed in the table below.
Top 8 firms based on FSCS total compensation paid out (by end July)
|
Firm
|
Date declared in default
|
Compensation paid at 31/07/2025
|
|
Raedex Consortium Limited
(FRN 668924)
|
30/04/2025
|
£1.6m
|
|
Facet Investment Management Ltd, formerly Financial Advisors to Consultants Engineers and Technologists Ltd
(FRN 131372)
|
15/07/2025
|
£210,000
|
|
Central Markets Investment Management Limited (FRN 475828)
|
28/05/2025
|
£140,000
|
|
Attanta Limited formerly Neovision Wealth Management Limited (FRN 301621)
|
03/04/2025
|
£120,000
|
|
Christopher Barker t/a Apollo Pension & Investment Advisers
(FRN 470611)
|
6/06/2025
|
£50,000-£100,000
|
|
Berkeley Jacobs Financial Services Limited
(FRN 158901)
|
30/04/25
|
£50,000-£100,000
|
|
Mr G and Mrs P Speller t/a Solutions Financial Services (FRN 457106)
|
24/04/25
|
£50,000-£100,000
|
|
Forthplus Pensions Limited formerly Athena Pensions Limited, Helium Miracle 119 Limited
(FRN 653170)
|
22/07/25
|
£50,000-£100,000
|
The Financial Services Compensation Scheme (FSCS) is a statutory compensation body that protects customers of authorised financial services firms if they fail or have stopped trading. The FSCS’s service is funded by a levy on regulated firms but is free to use for consumers.
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