Cannonbridge Corporation Ltd
What this means for you
Because Cannonbridge Corporation 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
Cannonbridge Corporation Ltd, operating under the trading name Cannon Bridge Clearing Ltd (FRN 146362), provided investment advice and unregulated collective investment products before the Financial Services Compensation Scheme declared it in default on 10 June 2020. Eligible customers who held investments through the firm may be entitled to compensation of up to £85,000 per person, subject to FSCS eligibility criteria. The firm's default marked the end of its regulated operations in the UK financial services sector.
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.