FSCS in-default register

Pacific IFA Ltd

Declared in default26 May 2023FRN 490522

What this means for you

Because Pacific IFA 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

Pacific IFA Ltd (FRN 490522), a UK regulated financial adviser, was declared in default by the Financial Services Compensation Scheme on 26 May 2023. The firm provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to its clients. Former customers may be eligible for FSCS compensation of up to £85,000 in relation to eligible pension-related investments held with the firm.

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.