FSCS in-default register

Maymont Wealth Ltd

Declared in default21 July 2023FRN 629098

What this means for you

Because Maymont 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

Maymont Wealth Ltd, which traded as GWM Investment Management Ltd and Discover Wealth (FRN: 629098), was declared in default by the Financial Services Compensation Scheme on 21 July 2023. The firm provided pension and investment products to its customers. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 in respect of eligible investment claims.

Products this firm wrote

Pensions, Investments

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.