FSCS in-default register

Totus Capital Ltd

Declared in default11 February 2020FRN 435973

What this means for you

Because Totus 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

Totus Capital Ltd, which operated under the trading name Totus Wealth Matters, held Financial Conduct Authority registration number 435973 and provided pension advice, pension transfer services, and SIPP administration. The firm was declared in default by the Financial Services Compensation Scheme on 11 February 2020. Customers with eligible pension-related claims may be entitled to compensation of up to £85,000 under FSCS protection limits.

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.