FSCS in-default register

Wellington Financial Management Ltd

Declared in default4 September 2020FRN 447881

What this means for you

Because Wellington Financial Management 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

Wellington Financial Management Ltd (FRN 447881) was a UK regulated financial services firm offering pensions, insurance, and investments to its clients. The Financial Services Compensation Scheme (FSCS) declared the firm in default on 4 September 2020. Former customers with eligible pension and investment claims may be entitled to compensation of up to £85,000, while those with insurance claims may recover up to 90% of their losses with no upper limit.

Products this firm wrote

Pensions, Insurance, Investments

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.