The Financial Services Compensation Scheme has declared two pension adviser firms as failed.

The move opens the door to clients to claim compensation from the FSCS as the firms are unable to meet claims.

The two firms are Triple A Financial Services (FRN 431854) of Brighouse, West Yorkshire, and Barton Hatcher Ingram Financial Management (FRN 401729) of Gloucester.

The FSCS said there were two claims so far against Triple A with one rejected and one upheld. The claims are related to pension advice but are not connected to BSPS pension transfer advice.

There is one upheld claim against Barton Hatcher Ingram so far. It is related to pension advice but not BSPS connected, the FSCS said.

Both firms were declared as failed this week and unable to meet claims. Both closed some years ago. Triple A ceased to be authorised after April 2010 and the only regulated person listed as connected to the firm was Arthur Jonathan Cobill.

Barton Hatcher Ingram Financial Management ceased to be authorised after 16 December 2013.

According to the FCA register Triple A was first authorised from 2005.

Barton Hatcher Ingram was first authorised from 2004. There were five regulated individuals working for the firm including four CF1 directors: Lucinda Jayne Chatfield, Louise Ann Barton, Beverley Virginia Hatcher and Nicholas William Ingram.