TailorMade Independent Limited Update

10th March 2014

Further to our previous update, we are continuing to investigate claims against TailorMade Independent Limited, to determine whether we are able to pay compensation.

In particular, we are considering the firm’s involvement in advising its clients to transfer existing pensions to Self Invested Personal Pensions (SIPPs). The funds were then invested in schemes including Green Oil Plantations and Harlequin Hotels and Resorts.

Although TailorMade Independent Limited is in Creditors Voluntary Liquidation, FSCS has not yet declared it in default. We are currently investigating the extent to which TailorMade Independent Limited is liable for any of the losses its customers have suffered.

We will provide more information as soon as we are able to. In the meantime, if any customer of TailorMade Independent Limited wishes to register a claim with FSCS, please get in touch. 

Jargon Buster

  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.