FSCS in-default register

Solutions Financial Services (UK) Ltd

Declared in default27 October 2022FRN 402668

What this means for you

Because Solutions Financial Services (UK) 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

Solutions Financial Services (UK) Ltd, authorised under FRN 402668, was declared in default by the Financial Services Compensation Scheme on 27 October 2022. The firm provided pension advice, pension transfer services, and Self-Invested Personal Pension (SIPP) administration to its clients. Former customers holding investments through the firm may be entitled to compensation of up to £85,000 per claim under FSCS protection rules.

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.