Pengwern Wealth Management LLP
What this means for you
Because Pengwern Wealth Management LLP 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
Pengwern Wealth Management LLP (FRN 502840) was declared in default by the Financial Services Compensation Scheme on 8 January 2014. The firm's specific product offerings cannot be determined from available data, limiting clarity on the scope of its regulated activities. Former customers may be eligible for FSCS compensation, though entitlements depend on the product type involved, with typical limits of £85,000 for investments and deposits, and 90% of losses with no cap 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.