Ignition Select Ltd
What this means for you
Because Ignition Select 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
Ignition Select Ltd, a UK-regulated financial services firm operating under FRN 613312, has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 23 July 2018. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the types of products involved, ranging from £85,000 for deposits and mortgages to £85,000 for investments or 90% of insurance claims 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.