FSCS in-default register

Consumer Wealth Ltd

Declared in default5 November 2019FRN 667910

What this means for you

Because Consumer Wealth 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

Consumer Wealth Ltd (FRN 667910), a UK-regulated financial services firm providing investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 5 November 2019. Former customers who held investments through the firm may be entitled to FSCS compensation of up to £85,000 per eligible claim. The firm had no trading names and operated under its registered name throughout its period of regulation.

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.