FSCS in-default register

Omada Investment Management Ltd, trading as Fairfax Investment Management Ltd

Declared in default24 August 2021FRN 468801

What this means for you

Because Omada Investment Management Ltd, trading as Fairfax Investment Management 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

Omada Investment Management Ltd, trading as Fairfax Investment Management Ltd (FRN 468801), has been declared in default by the FSCS as of 24 August 2021. The firm provided investment advice and operated unregulated collective investment schemes. Eligible customers may claim compensation of up to £85,000 per person in respect of eligible investments held with the firm.

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.