27th November 2008
Last updated 23 July 2009
Echelon Wealth Management Limited ("Echelon") was placed into provisional liquidation on 17 October 2008. Blair Nimmo of KPMG was appointed Provisional Liquidator. This appointment was subsequently recalled and Stephen Cork and Anthony Spicer of Smith & Williamson were appointed joint liquidators on 11 November 2008.
Annette Menzies and Eileen Blackburn were then appointed Joint Liquidators of Echelon Wealth Management Limited at a meeting of creditors held on 22 July 2009, at which Stephen Cork and Anthony Spicer of Smith & Williamson were removed as Joint Liquidators
The role of FSCS
FSCS is currently in discussions with the Liquidators to determine our involvement in considering claims against Echelon.
FSCS may be able to help customers of the firm if it is unable to pay claims made against it (described by us as being "in default") and if claims are eligible for compensation under FSCS rules. The firm has not yet been declared in default by FSCS.
What to do if you think you have a claim
If you believe that you may have a claim against Echelon you should contact the liquidators at the address below to register your claim against the firm:
375 West George Street
Tel 0141 221 2984
There is no need to register your claim with FSCS at this time. If FSCS declares Echelon in default in the future, FSCS will then contact potential claimants who have registered a claim with the liquidators.
The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services firms and may be able to help consumers if an authorised firm is unable to pay claims against it. The Scheme was set up under the terms of the Financial Services and Markets Act 2000 and protects deposits, insurance, investments and home finance (mortgage) business.