Great Point Investments declared in default

The Financial Services Compensation Scheme (FSCS) has confirmed that Great Point Investments is in default following an investigation into the investment manager.

The investigation followed the firm entering liquidation in 2024.

Great Point, an alternative investment fund manager, also provided discretionary and alternative investment fund management services through a range of investee companies operating in the global creative industries sector, having been authorised by the Financial Conduct Authority (FCA) since July 2014.

The firm entered creditors’ voluntary liquidation in July 2024 with Andrew Charters, Chris Laverty and Nick Nicholson of Grant Thornton appointed as joint liquidators.

In March this year, the FSCS said it was considering claims submitted to the FSCS about Great Point relating to investments in Illium Limited and Select Television Production EIS6. Money put into the Great Point Estate Planning Service was used to purchase shares in Illium, which was a limited company, while EIS6 was an alternative investment fund designed to qualify for tax relief as an enterprise investment scheme (EIS).

The FSCS said its position differs between EIS6 and Illium because of how they applied their investors’ funds, and that any investors in both Illium and EIS6 were eligible to submit two separate claims.

In a statement last Friday, the FSCS said: “Following our last update, we can confirm that on 8 May 2026, FSCS declared Great Point Investments in default.

“We will continue to assess claims on an individual basis and pay compensation to customers with a valid claim.”

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