Total Wealth Management Limited formerly The IFA Partnership Limited
What this means for you
Because Total Wealth Management Limited formerly The IFA Partnership Limited 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
Total Wealth Management Limited, formerly known as The IFA Partnership Limited (FRN 197397), was declared in default by the Financial Services Compensation Scheme on 20 March 2015. The firm's product types are not specified in available records, preventing confirmation of the precise services it offered. Eligible customers may claim compensation through the FSCS, with entitlements varying by product type: up to £85,000 for investments, mortgages, or deposits, or up to 90% of losses for insurance products.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.