FSCS in-default register

Vector Wealth Ltd

Declared in default22 April 2022FRN 578178

What this means for you

Because Vector 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

Vector Wealth Ltd (FRN 578178) was a UK-regulated financial services firm providing investment advice and unregulated collective investment products. The Financial Services Compensation Scheme declared the firm in default on 22 April 2022. Former customers of Vector Wealth may be entitled to FSCS compensation of up to £85,000 for investment-related claims.

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.