FSCS in-default register

Acorn Financial Solutions (Wessex) Ltd

Declared in default19 June 2020FRN 453407

What this means for you

Because Acorn Financial Solutions (Wessex) 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

Acorn Financial Solutions (Wessex) Ltd, operating under FRN 453407, was declared in default by the Financial Services Compensation Scheme on 19 June 2020. The firm provided investment advice and unregulated collective investment products to its customers. Former customers holding investments may be entitled to FSCS compensation of up to £85,000 per claim.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.