FSCS in-default register

Total Wealth Solutions Ltd

Declared in default26 January 2018FRN 475681

What this means for you

Because Total Wealth Solutions 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

Total Wealth Solutions Ltd (FRN 475681) was declared in default by the FSCS on 26 January 2018. The firm's specific product offerings are not recorded in available data, preventing identification of the precise services it provided. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product category involved, with most claims typically covered up to £85,000 or, for insurance products, 90% of the claim with no upper limit.

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.