FSCS in-default register

Strategic Wealth UK Ltd trading as Gibro Wealth

Declared in default30 April 2018FRN 487850

What this means for you

Because Strategic Wealth UK Ltd trading as Gibro Wealth 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

Strategic Wealth UK Ltd, trading as Gibro Wealth (FRN 487850), provided pension and investment services to retail customers. The Financial Services Compensation Scheme declared the firm in default on 30 April 2018. Former customers with eligible claims may recover up to £85,000 per product type for pension and investment losses.

Products this firm wrote

Pensions, Investments

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.