FSCS in-default register

Wealth Management (UK) Ltd

Declared in default22 September 2016FRN 440657

What this means for you

Because Wealth Management (UK) 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

Wealth Management (UK) Ltd (FRN 440657) was declared in default by the Financial Services Compensation Scheme on 22 September 2016. The firm's specific financial products cannot be determined from available records, limiting clarity on the compensation framework applicable to former customers. Eligible claimants may be entitled to compensation up to £85,000 for deposits or investments, or 90% of losses for insurance products, depending on the nature of their claims.

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.