FSCS in-default register

North Star SIPP LLP

Declared in default4 October 2019FRN 458389

What this means for you

Because North Star SIPP LLP 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

North Star SIPP LLP (FRN 458389), a provider of investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 4 October 2019. The firm's default triggered FSCS protection for eligible customers, who may claim compensation of up to £85,000 for investment-related losses. Former clients should contact the FSCS directly to establish their eligibility and submit claims.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.