IBP Markets Ltd
What this means for you
Because IBP Markets 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
IBP Markets Ltd (FRN 520929), a UK-regulated firm providing investment advice and collective investment services, was declared in default by the Financial Services Compensation Scheme on 13 October 2023. The firm offered investment products to retail clients, exposing them to market risks typical of discretionary portfolio management and collective investment schemes. Eligible customers may claim compensation of up to £85,000 per person under FSCS investment protection rules, though claims relating to unregulated collective investments may fall outside standard protection limits.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.