IFA Ltd, trading as Cowburn Milner & Company Limited
What this means for you
Because IFA Ltd, trading as Cowburn Milner & Company Limited 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
IFA Ltd, operating under the trading name Cowburn Milner & Company Limited (FRN 433928), provided pension advisory services including pension transfers and Self-Invested Personal Pension (SIPP) administration. The firm was declared in default by the Financial Services Compensation Scheme (FSCS) on 1 May 2025. Former customers holding pension-related investments may be entitled to FSCS compensation of up to £85,000 per claim, subject to eligibility criteria.
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.