Thompson Prior LLP
What this means for you
Because Thompson Prior LLP 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
Thompson Prior LLP (FRN 207510), a UK-regulated financial services firm specialising in pension advice, pension transfers, and SIPP (Self-Invested Personal Pension) administration, was declared in default by the FSCS on 17 October 2022. The firm's default triggered FSCS compensation eligibility for eligible customers who had suffered losses in connection with these pension-related services. Former customers of Thompson Prior LLP may be entitled to compensation of up to £85,000 per claim under the FSCS's investment business protection rules.
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.