FSCS in-default register

Braemar Wealth Management NW Ltd

Declared in default17 January 2023FRN 425022

What this means for you

Because Braemar Wealth Management NW 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

Braemar Wealth Management NW Ltd (FRN 425022), a UK-regulated firm providing pension advice, pension transfer services, and self-invested personal pension (SIPP) administration, was declared in default by the Financial Services Compensation Scheme on 17 January 2023. Eligible customers who held pension-related products with the firm may be entitled to compensation of up to £85,000 under FSCS protection rules. The firm had no registered trading names at the time of default.

Products this firm wrote

Pension advicePension transferSIPP administration

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.