Two firms that were selling structured products backed by Lehman Brothers at the time of its collapse have gone into administration.

The announcement by NDF Administration and Defined Returns Limited that they will be going into administration follows a review of the structured products market by the Financial Services Authority, the UK regulator.

While the review had put claims on hold, customers of NDF and DRL who lost their investments when Lehmans collapsed may now make a claim via the Financial Services Compensation Scheme. This was not possible prior to the firms formally entering administration.

This announcement follows the collapse of another UK structured products firm Keydata Investment Services, which went into administration in June and which NDFA was briefly interested in acquiring.

Although continuing to grow this year, last year's crisis has caused the UK structured products market to shift toward big name banks and their wealth management services, and away from smaller, independent product designers and distributors.