Nexus Independent Financial Advisers Ltd, trading as Nexus Wealth, NIFA, Nexus Wealth, Nexus SIPP
What this means for you
Because Nexus Independent Financial Advisers Ltd, trading as Nexus Wealth, NIFA, Nexus Wealth, Nexus SIPP 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
Nexus Independent Financial Advisers Ltd, which traded under the names Nexus Wealth, NIFA, and Nexus SIPP (FRN 584769), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to its clients. The firm was declared in default by the Financial Services Compensation Scheme (FSCS) on 5 February 2026. Eligible customers may be entitled to compensation of up to £85,000 in respect of pension-related investments held with the firm at the time of default.
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.