FSCS in-default register

Kingsway Wealth Management Ltd

Declared in default13 May 2020FRN 452538

What this means for you

Because Kingsway 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

Kingsway Wealth Management Ltd (FRN 452538) provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to UK consumers. The Financial Services Compensation Scheme declared the firm in default on 13 May 2020. Eligible customers may be entitled to FSCS compensation of up to £85,000 in relation to investment business losses.

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.