On 11 September 2023, Independent East Ltd (IEL) entered compulsory liquidation on the application of the Financial Conduct Authority (FCA) and the Official Receiver was appointed as liquidator。

IEL is a regulated company and is authorized to provide financial advice.。

In early 2023, the FCA took action against the IEL, freezing its accounts and removing its authority to conduct regulatory activities.。

The Official Receiver's Office has been designated to wind up the IEL for the benefit of its creditors and will soon write to all known creditors, explaining what to do next and how to make a claim.。

Financial Services Compensation Scheme (FSCS) protects consumers in the event of the collapse of authorised firms, a compensation scheme for customers of authorised financial services firms in the UK。

If you are an IEL customer, you should visit the FSCS website for more details on how to claim any losses incurred。FSCS will investigate whether any claims qualify for compensation。

FSCS has eligibility criteria for both individuals and businesses covered。For eligible customers, the FSCS will consider claims against inappropriate recommendations, as well as any other eligible claims against the company, up to a total of £85,000.。