FSCS in-default register

Independent Portfolio Managers Ltd

Declared in default3 December 2018FRN 184115

What this means for you

Because Independent Portfolio Managers 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

Independent Portfolio Managers Ltd (FRN 184115), a UK financial services firm offering investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 3 December 2018. The firm's default triggers FSCS protection for eligible customers who held investments with the company. Former customers may be entitled to compensation of up to £85,000 per claim under the scheme's investment protection limits.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.