Paradigm Wealth Management Limited (formerly Paradigm Financial Development UK Limited)
What this means for you
Because Paradigm Wealth Management Limited (formerly Paradigm Financial Development UK Limited) 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
Paradigm Wealth Management Limited, formerly known as Paradigm Financial Development UK Limited (FRN: 208731), was declared in default by the Financial Services Compensation Scheme on 11 March 2009. The firm's specific product offerings cannot be determined from available records. Eligible customers may be entitled to FSCS compensation, though the applicable limits depend on the type of financial products involved in their claims.
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.