FSCS in-default register

Money Advice Partnership Ltd

Declared in default8 April 2025FRN 715880

What this means for you

Because Money Advice Partnership 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

Money Advice Partnership Ltd, which operated under the trading name FML Wealth Ltd (FRN 715880), provided investment advice and managed unregulated collective investment products. The Financial Services Compensation Scheme declared the firm in default on 8 April 2025. Former customers holding investments through the firm may be entitled to compensation of up to £85,000 under FSCS protection rules.

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.