Glasgow-based advice firm Atlantic Investors (Scotland) Ltd has fallen into default with the Financial Services Compensation Scheme.
The lifeboat scheme has received two complaints against Atlantic Investors related to pension transfer and Sipp advice, one of which has been upheld.
The FSCS additionally specified that neither claim is related to the British Steel Pensions Scheme.
Atlantic Investors had been previously voluntarily wound up, a process which commenced on December 8 2020.
Following this, a special resolution to wind up for the firm was signed on December 23 2020 by company director Timothy Twiddy.
The firm was officially dissolved on August 30 2023 following liquidation.
In its final accounts prior to its dissolution, Atlantic Investors reported a total level of receipts standing at £172.39 between December 8 2022 and March 23 2023.
This comprised entirely of interest received gross.
Meanwhile, for the same period, the firm reported £49,135.91 in total payments, a figure which was driven largely by its distribution to shareholders standing at £49,103.23.
The remaining £32.68 was paid as corporation tax.
tom.dunstan@ft.com
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