FSCS in-default register

Advice & Wealth Management Solutions LLP

Declared in default7 October 2024FRN 599263

What this means for you

Because Advice & Wealth Management Solutions 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

Advice & Wealth Management Solutions LLP (FRN 599263), a firm providing pension advice, pension transfer services, and SIPP administration, was declared in default by the Financial Services Compensation Scheme on 7 October 2024. Eligible customers who held pension advice, pension transfer, or SIPP administration products with the firm may be entitled to compensation of up to £85,000 under FSCS protection rules. The firm had no alternative trading names.

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.