FSCS in-default register

Northern Provident Investments Ltd

Declared in default24 February 2023FRN 647948

What this means for you

Because Northern Provident Investments 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

Northern Provident Investments Ltd, which operated under the trading names Money Labs Ltd and ISA Lab (FRN 647948), provided investment advice and unregulated collective investment products. The firm was declared in default by the Financial Services Compensation Scheme (FSCS) on 24 February 2023. Eligible customers may claim compensation of up to £85,000 for investment-related losses under the FSCS compensation limits.

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.