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

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...

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