FSCS in-default register

BlackStar Wealth Management Ltd

Declared in default14 January 2020FRN 491609

What this means for you

Because BlackStar Wealth 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

BlackStar Wealth Management Ltd (FRN 491609) was declared in default by the Financial Services Compensation Scheme on 14 January 2020. The firm provided pension and investment advisory services to retail customers. Eligible customers may claim compensation of up to £85,000 per product type under FSCS protection limits.

Products this firm wrote

Pensions, 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.