FSCS in-default register

Formation Asset Management Ltd

Declared in default23 March 2016FRN 461576

What this means for you

Because Formation Asset 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

Formation Asset Management Ltd, which operated under the trading name Kingsbridge Asset Management Ltd (FRN: 461576), was declared in default by the Financial Services Compensation Scheme on 23 March 2016. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation of up to £85,000 for eligible claims, depending on the type of financial product involved.

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.