FSCS in-default register

MLM Wealth Management Ltd, trading as MLM Financial Services

Declared in default2 September 2023FRN 784277

What this means for you

Because MLM Wealth Management Ltd, trading as MLM Financial Services 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

MLM Wealth Management Ltd, trading as MLM Financial Services (FRN 784277), provided pension advisory services, pension transfer advice, and self-invested personal pension (SIPP) administration to retail clients. The Financial Services Compensation Scheme declared the firm in default on 2 September 2023. Former customers holding eligible pension-related claims may be entitled to compensation of up to £85,000 per claim under FSCS protection rules.

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.