Turnberry Wealth Management Ltd
What this means for you
Because Turnberry 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
Turnberry Wealth Management Ltd (FRN 435264) was declared in default by the Financial Services Compensation Scheme on 27 November 2015. The firm's specific product types are not recorded in available data, limiting clarity on the scope of services it provided. Former customers may be entitled to FSCS compensation, though the applicable limit depends on the product category involved: £85,000 for investments, mortgages, or deposits, or 90 per cent of claims for insurance products with no upper limit.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.