FSCS in-default register

FIXI plc

Declared in default2 September 2019FRN 448399

What this means for you

Because FIXI plc 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

FIXI plc (FRN 448399), a UK-regulated financial services firm providing investment advice and unregulated collective investment products, was declared in default by the FSCS on 2 September 2019. Former customers who held eligible investments with the firm may be entitled to compensation of up to £85,000 per person under the FSCS compensation scheme. The firm had no additional trading names.

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.