FSCS in-default register

MAC Financial Advice LLP also trading as KMA Wealth Management

Declared in default19 December 2016FRN 455466

What this means for you

Because MAC Financial Advice LLP also trading as KMA Wealth Management 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

MAC Financial Advice LLP, which also operated as KMA Wealth Management (FRN 455466), was declared in default by the Financial Services Compensation Scheme on 19 December 2016. The firm's specific product offerings are not detailed in available records. Eligible customers of the firm may be entitled to FSCS compensation depending on the types of financial products they held, subject to the scheme's standard protection limits.

Products this firm wrote

--

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.