FSCS in-default register

Optimise Wealth Management Ltd

Declared in default24 February 2023FRN 812526

What this means for you

Because Optimise Wealth Management 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

Optimise Wealth Management Ltd (FRN 812526) has been declared in default by the Financial Services Compensation Scheme as of 24 February 2023. The firm provided pension advice, pension transfer services, and Self-Invested Personal Pension (SIPP) administration to customers. Customers who hold pension-related products with the firm may be entitled to FSCS compensation of up to £85,000 in relation to eligible claims.

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.