Juno Moneta Wealth Ltd, trading as Teal Financial, Empower Wealth Management, NAPIT Wealth
What this means for you
Because Juno Moneta Wealth Ltd, trading as Teal Financial, Empower Wealth Management, NAPIT Wealth 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
Juno Moneta Wealth Ltd, which traded as Teal Financial, Empower Wealth Management, and NAPIT Wealth (FRN 669519), was an FCA-regulated firm offering pension advice, pension transfers, and self-invested personal pension (SIPP) administration services. The Financial Services Compensation Scheme declared the firm in default on 11 November 2022. Eligible customers may claim compensation up to £85,000 per person in relation to pension-related products and services.
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.