FSCS in-default register

Investrac Wealth Management Limited formerly McKechnie Byles & Dawes Limited

Declared in default9 August 2013FRN 430668

What this means for you

Because Investrac Wealth Management Limited formerly McKechnie Byles & Dawes Limited 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

Investrac Wealth Management Limited, formerly known as McKechnie Byles & Dawes Limited (FRN 430668), was declared in default by the Financial Services Compensation Scheme on 9 August 2013. The firm's product types are not specified in available records. Former customers of the firm may be entitled to FSCS compensation, subject to the scheme's standard limits depending on the category of financial service involved.

Products this firm wrote

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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.