FSCS in-default register

Oakwood Financial Management LLP

Declared in default10 April 2024FRN 225473

What this means for you

Because Oakwood Financial Management 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

Oakwood Financial Management LLP (FRN 225473), which provided pension advice, pension transfer services, and SIPP (Self-Invested Personal Pension) administration, was declared in default by the Financial Services Compensation Scheme on 10 April 2024. Customers with eligible claims relating to these pension services may be entitled to compensation of up to £85,000 under FSCS protection rules. The firm had no recorded 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.