FSCS in-default register

Stargate Capital Management Ltd

Declared in default2 June 2020FRN 191763

What this means for you

Because Stargate Capital 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

Stargate Capital Management Ltd, which traded as Wealth Fortress DFM and Classic Fund Management Ltd (FRN 191763), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration. The firm was declared in default by the Financial Services Compensation Scheme on 2 June 2020. Eligible former customers may be entitled to FSCS compensation of up to £85,000 for losses relating to pension-related products.

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.