Saturday November 23, 2019

Call for priority credit for failed investment firms’ customers

Move follows collapse of Custom House Capital

By Ian Guider

Markets Editor

@ianguider
11th December, 2016

Clients of failed investment companies should take precedence ahead of other creditors, according to the head of the state body that compensates individuals affected after firms go bust.

In the wake of the spectacular collapse of Custom House Capital, which has left 1,400 clients facing several years’ delay in receiving compensation, Jim Bardon, chairman of the Investor Compensation Company (ICCL), said that he had made a number of recommendations to the Department of Finance and...

Subscribe from just €1 for the first month!

or Log in to continue reading

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Related Stories

Last week, in a much-anticipated announcement, the FT said that Lionel Barber would step down as editor in January after 14 years

Vincent Boland | 6 days ago

Ageism is not okay, whether it’s directed at a younger generation or an older one, as an ‘Ok boomer’-spouting Generation Z should know

Nadine O’Regan | 6 days ago

Memories of a rural childhood come flooding back on discovery of a curated Twitter account called Ireland’s Farmers

Emer McLysaght | 6 days ago