FSCS in-default register

Coniston Wealth Management Ltd, trading as Lighthouse (Coniston) Ltd

Declared in default6 September 2021FRN 400512

What this means for you

Because Coniston Wealth Management Ltd, trading as Lighthouse (Coniston) 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

Coniston Wealth Management Ltd, which operated under the trading name Lighthouse (Coniston) Ltd (FRN 400512), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration. The Financial Services Compensation Scheme declared the firm in default on 6 September 2021. Eligible customers may claim compensation of up to £85,000 in relation to pension-related investments held with the firm.

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.