FSCS in-default register

Platinum Wealth Group Ltd

Declared in default17 May 2016FRN 301687

What this means for you

Because Platinum Wealth Group 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

Platinum Wealth Group Ltd, which operated under the trading name Platinum Finance UK Ltd and held Financial Conduct Authority registration number 301687, was declared in default by the Financial Services Compensation Scheme on 17 May 2016. The firm's specific product offerings cannot be determined from available records. Eligible customers may be entitled to FSCS compensation up to the applicable limits depending on the type of financial products involved.

Products this firm wrote

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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.