Broadgate Financial Management LLP
What this means for you
Because Broadgate 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
Broadgate Financial Management LLP (FRN 589112), a provider of pension advice, pension transfer services, and SIPP administration, was declared in default by the Financial Services Compensation Scheme on 17 January 2023. The firm had offered advisory and administrative services relating to self-invested personal pensions and pension transfers to retail customers. Former clients holding eligible claims for pension advice or pension transfer services may be entitled to FSCS compensation of up to £85,000 per claim.
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.