Customers of failed DFM paid out
The UK’s pension lifeboat scheme has made its first compensation payments, totalling £5.7m, to customers of the failed discretionary fund manager Strand Capital.
Strand Capital
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Clients of defunct DFM set for payment
The UK’s Financial Services Compensation Scheme expects to shortly make the first payments to customers of discretionary fund manager Strand Capital, which entered administration in May 2017.
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London-based DFM goes into administration
London-based discretionary manager Strand Capital has gone into administration, impacting around 3000 customers.