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 the 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. For investors who have been following the investigation, this declaration is the step you had been waiting for. We covered the earlier stage of the investigation here.
What this means 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 an FSCS compensation claim is now a live route. Compensation is capped at £85,000 per eligible person, and claims for mis-sold bonds and mis-sold ISAs are exactly what the scheme exists for.
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 call 0800 041 8359 today.
Sources: Professional Adviser, FSCS: Equity For Growth
