Great Point Investments, an investment fund manager, is under investigation by the Financial Services Compensation Scheme (FSCS). The firm entered voluntary liquidation on 30th July 2024, and the FSCS is now accepting claims.
When an FCA regulated financial services firm goes out of business from failed investments or can’t afford to pay out on claims, it will usually go into administration or liquidation and is declared in default.
The Financial Services Compensation Scheme (FSCS) is a government-backed lifeboat scheme set up in 2001 by City watchdog, the Financial Conduct Authority (FCA), to compensate customers of failed regulated financial firms. The FSCS can pay compensation of up to £85,000 against legitimate claims.
Great Point Investments
+ −Authorised fund manager, Great Point Investments, provided discretionary and alternative investment fund management services through various investee companies trading in the global creative sector. Great Point Investments managed the Selective Television Production EIS 6 Fund, which promised investors “growth potential from a buoyant market for new television content” with “a range of attractive tax reliefs” and also provided discretionary management to an estate planning service.
After going into liquidation in July this year, the FSCS is investigating Great Point Investments and proactively contacting investors to explain what the situation means for them. The FSCS is now open to claims against the firm, but the claims will only be passed on to the claims team once the FSCS investigation has been completed.
Financial Services Compensation Scheme (FSCS) Claims
+ −We have reported on many financial firms investigated or declared in default by the FSCS.
FSCS claims can often be complicated and time-consuming. At TLW Solicitors, we specialise in proactively pursuing financial compensation for victims of failed firms. We understand the information required by the FSCS and know where to obtain it, saving you time and stress, ensuring that you recover the compensation that you are rightfully owed.
TLW Solicitors’ view
+ −Peter McKenna, Partner at TLW Solicitors, says:
“It can be concerning when you find out the company you have invested with has failed or gone into liquidation. Our team has extensive experience in successfully handling FSCS claims for our clients.
“If you believe you may have received inadequate advice on an investment and have subsequently lost out financially, TLW Solicitors are here to help on a ‘no-win, no-fee’ basis. These claims can be complex and time-consuming, so please get in touch if you want the professionals by your side.”
Get in touch
+ −If you are worried that you or a loved one has an investment with a failed firm, please call us on 0800 169 5925 or email info@tlwsolicitors.co.uk. Our team will contact you for an initial, no-obligation consultation.
It is important to get advice as soon as possible, as strict time limits can apply.
Minimum case values apply.
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