FSCS in-default register

KBFS Financial Ltd

Declared in default9 April 2024FRN 831504

What this means for you

Because KBFS Financial 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

KBFS Financial Ltd (FRN 831504), a UK-regulated firm specialising in pension advice, pension transfers, and self-invested personal pension (SIPP) administration, was declared in default by the Financial Services Compensation Scheme on 9 April 2024. The firm's failure leaves customers exposed to potential losses on pension-related services. Eligible claimants may recover up to £85,000 per claim through FSCS compensation for pension investment losses.

Products this firm wrote

Pension advicePension transferSIPP administration

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.