FSCS in-default register

PH7 Wealth Management Ltd

Declared in default12 April 2024FRN 842598

What this means for you

Because PH7 Wealth Management 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

PH7 Wealth Management Ltd, which operated under the trading names The Pension Place Ltd, PH7 Mortgages, and PH7 Insurance Brokers (FRN 842598), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration. The Financial Services Compensation Scheme declared the firm in default on 12 April 2024. Former customers may be entitled to compensation of up to £85,000 in relation to pension-related products and services.

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.