PWM Advisers Ltd
What this means for you
Because PWM Advisers 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
PWM Advisers Ltd (FRN 466612), a UK-regulated financial services firm offering pension advice, pension transfer services, and self-invested personal pension (SIPP) administration, was declared in default by the Financial Services Compensation Scheme on 20 January 2022. Eligible customers who held pension-related products with the firm may be entitled to compensation of up to £85,000 under FSCS protection. 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.