Independent Financial Management Limited
What this means for you
Because Independent Financial Management Limited 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
Independent Financial Management Limited (FRN 135556) was declared in default by the Financial Services Compensation Scheme on 9 March 2006. The firm's product types are not specified in available records, limiting clarity on the exact nature of its financial services operations. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the specific products involved—typically £85,000 for investments, mortgages, and deposits, or 90% of losses without limit for insurance products.
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.