FSCS in-default register

Drew (UK) Financial Services

Declared in default5 November 2020FRN 180995

What this means for you

Because Drew (UK) Financial Services 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

Drew (UK) Financial Services (FRN 180995) was declared in default by the Financial Services Compensation Scheme on 5 November 2020. The firm provided investment advice and operated unregulated collective investment schemes. Eligible customers may claim compensation up to £85,000 per claim for investment products under FSCS protection rules.

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.