Full Circle Asset Management Limited
Under investigation 27 April 2018
You might be eligible for compensation
Full Circle Asset Management Limited was a wealth management company which offered a range of discretionary fund management services.
FSCS understands that the FCA carried out a review of Full Circle Asset Management Limited’s activities. The review produced a number of findings, including the firm’s ‘Attitude to Risk and Loss’ documentation being deemed not fit for purpose as it could not evidence that the firm had collected enough information from customers to evidence that it had adequately assessed their attitudes to risk or the suitability of investments.
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30 Jul, 2019
FSCS is accepting claims against Full Circle Asset Management Limited. However, claims have not yet been passed to our claims teams for assessment. Firstly, we need to establish whether there are protected claims against this firm. For this to happen we need to know that the discretionary fund manager owes a civil liability to customers that would enable them to be sued in court.
FSCS has been working with the insolvency practitioner, PCR, and other parties in order to obtain firm records and other documentation which help us to reach a view on the firm’s activities and whether there are protected claims against Full Circle Asset Management Limited.