FSCS in-default register

Moneygate Wealth Management Ltd

Declared in default20 February 2017FRN 441648

What this means for you

Because Moneygate 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

Moneygate Wealth Management Ltd, which operated under the trading name Beacon Asset Management Ltd (FRN 441648), was declared in default by the FSCS on 20 February 2017. The firm's specific product offerings cannot be determined from available data. Eligible customers may be entitled to FSCS compensation up to £85,000 for deposits, investments, or mortgages, or up to 90% of claims for insurance products, subject to the applicable limits and eligibility criteria.

Products this firm wrote

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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.