FSCS in-default register

German Property Group

Declared in default8 October 2020FRN GPG

What this means for you

Because German Property Group 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

German Property Group (FRN: GPG), a UK regulated financial-services firm offering investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 8 October 2020. Former customers who held investments through the firm may be entitled to FSCS compensation of up to £85,000 per person. The firm's default triggered the compensation scheme's protection for eligible claimants who had invested via the business.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.