FSCS in-default register

The London Trading Company Ltd, trading as Lontrad, TCM Wealth Management

Declared in default10 March 2023FRN 678985

What this means for you

Because The London Trading Company Ltd, trading as Lontrad, TCM Wealth Management 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

The London Trading Company Ltd, operating under the trading names Lontrad and TCM Wealth Management (FRN 678985), offered pension and investment products to retail customers. The Financial Services Compensation Scheme declared the firm in default on 10 March 2023. Former customers holding eligible investments or pension products may claim compensation up to the FSCS limit of £85,000 per person per firm.

Products this firm wrote

Pensions, Investments

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.