There is an important development for anyone who invested through Equity For Growth (Securities) Limited. On 15 July 2026 the Financial Services Compensation Scheme declared the firm in default, following an investigation into investments arranged by the firm and its appointed representatives.
What has happened?
Equity For Growth (Securities) Limited, often shortened to EFG (FCA reference 475953), was connected with the arranging of mini bond investments. The FSCS had been investigating whether claims against the firm met the qualifying conditions for compensation. That investigation has now concluded with a declaration of default on 15 July 2026, which confirms the FSCS is satisfied the firm cannot meet claims against it.
The FSCS says it will continue to assess claims on an individual basis and pay compensation to customers with a valid claim. This declaration is the step investors had been waiting for since the investigation began.
What does this mean for investors?
Mini bonds were often marketed with attractive headline rates, and in some cases through ISA wrappers, to people who were never made properly aware of the risks. If you invested through EFG or one of its appointed representatives and lost money, the declaration of default means a compensation claim to the FSCS is now a live route. Compensation is capped at 85,000 pounds per eligible person.
What should you do next?
Working out whether your loss traces back to the regulated activities of a failed firm is exactly the sort of untangling we do every day. We start with a free, no obligation consultation, and if you go ahead we act on a no win no fee basis. If we do not think you have grounds, we will tell you straight. Make an enquiry or book a call today.
Sources: Professional Adviser, FSCS: Equity For Growth
