FSCS in-default register

Saxon Capital Ltd

Declared in default15 April 2020FRN 623131

What this means for you

Because Saxon Capital 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

Saxon Capital Ltd (FRN 623131) provided investment advice and unregulated collective investment products to customers before being declared in default by the FSCS on 15 April 2020. The firm's failure means former customers who held investments through Saxon Capital may be eligible for FSCS compensation of up to £85,000 per person. This protection applies to eligible claims relating to the firm's investment products and services.

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.