FSCS in-default register

Nationwide Benefit Consultants Ltd, trading as The Pension Reporter

Declared in default16 September 2022FRN 624316

What this means for you

Because Nationwide Benefit Consultants Ltd, trading as The Pension Reporter 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

Nationwide Benefit Consultants Ltd, which traded as The Pension Reporter (FRN 624316), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to UK customers. The Financial Services Compensation Scheme declared the firm in default on 16 September 2022. Eligible customers may claim compensation of up to £85,000 per product type under FSCS protection rules for investment business.

Products this firm wrote

Pension advicePension transferSIPP administration

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.