FSCS in-default register

Premiumwatch Financial Services Ltd, trading as PFS

Declared in default9 June 2021FRN 470680

What this means for you

Because Premiumwatch Financial Services Ltd, trading as PFS 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

Premiumwatch Financial Services Ltd, which traded as PFS and was registered under FRN 470680, provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to UK customers. The Financial Services Compensation Scheme (FSCS) declared the firm in default on 9 June 2021. Eligible customers may claim compensation of up to £85,000 per investment product held with the firm at the time of its default.

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.