Vanguard Wealth Management Ltd
Declared in default22 March 2017FRN 570408
What this means for you
Because Vanguard Wealth 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
Vanguard Wealth Management Ltd (FRN 570408) was declared in default by the Financial Services Compensation Scheme on 22 March 2017. The firm's product types were not specified in available records. Former customers may be entitled to FSCS compensation of up to £85,000 for eligible investments or £85,000 for mortgage-related claims, depending on the nature of products held.
Products this firm wrote
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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.