FSCS in-default register

SQ Wealth Ltd

Declared in default6 April 2023FRN 707844

What this means for you

Because SQ Wealth 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

SQ Wealth Ltd, trading as Quays Wealth Management Ltd (FRN 707844), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to its clients. The Financial Services Compensation Scheme declared the firm in default on 6 April 2023. Eligible customers with claims related to these pension products may be entitled to compensation up to £85,000 per claim under the FSCS's investment compensation limit.

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.