Square Seven Financial Planning LLP, trading as Square Seven
What this means for you
Because Square Seven Financial Planning LLP, trading as Square Seven 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
Square Seven Financial Planning LLP, which operated under the trading name Square Seven and held Financial Conduct Authority registration number 434875, provided financial advisory services to UK customers. The firm was declared in default by the Financial Services Compensation Scheme on 14 August 2020. Eligible customers may be entitled to compensation of up to £85,000 under FSCS protection rules, subject to the specific products held and individual claim circumstances.
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.