FSCS opens door to Honister Capital clients

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Financial Services Compensation Scheme

Certain claims previously rejected against Honister Capital can now be reconsidered.

Honister Capital, which includes IFA networks Sage Financial (HILLI), Honister Partners (HONPA), and Burns Anderson (BANDE), entered administration on 3 July 2012. These firms have all now been declared in default hop.

Sage Financial, Honister Partners, and Burns Anderson, and those claimants who were clients of the appointed representatives (including those who previously had their claim rejected) are now being asked to contact the Financial Services Compensation Scheme (FSCS) so that their claim can be reconsidered.

The administrators have confirmed that unregulated collective investment scheme (UCIS) sales were carried out by the appointed representatives of Honister Capital.

Any customers of these firms who believe that they were mis-sold a UCIS investment should also contact FSCS to make a claim.

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