Horizon Stockbroking Ltd
What this means for you
Because Horizon Stockbroking 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
Horizon Stockbroking Ltd (FRN 604515), a firm offering investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 17 December 2019. The firm's default triggered FSCS protection for eligible customers who held relevant investments with the business. Former customers may be entitled to compensation of up to £85,000 for investment-related claims, subject to FSCS eligibility criteria and assessment procedures.
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.