FSCS in-default register

BPI 55 Ltd

Declared in default24 August 2021FRN 118291

What this means for you

Because BPI 55 Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

BPI 55 Ltd, trading as Broadstone Pensions & Investments Ltd and BDO Investment Management Ltd (FRN 118291), was a UK regulated firm offering endowment products. The Financial Services Compensation Scheme declared the firm in default on 24 August 2021. Former customers may be entitled to FSCS compensation of up to £85,000 for eligible endowment claims.

Products this firm wrote

Endowments

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.