Advicelite Ltd, trading as Investorlite, Isalite, Pension & Investor Lite
What this means for you
Because Advicelite Ltd, trading as Investorlite, Isalite, Pension & Investor Lite 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
Advicelite Ltd, which operated under the trading names Investorlite, Isalite, and Pension & Investor Lite (FRN 464011), was declared in default by the Financial Services Compensation Scheme on 12 August 2021. The firm's specific product offerings cannot be determined from available data, limiting clarity on the nature of its regulated activities. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the products they held with the firm at the time of default.
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.