FSCS in-default register

Universal Capital Markets Ltd, trading as Nexus Capital Ltd, Aspire Trade Ltd

Declared in default12 February 2021FRN 490611

What this means for you

Because Universal Capital Markets Ltd, trading as Nexus Capital Ltd, Aspire Trade 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

Universal Capital Markets Ltd, which traded as Nexus Capital Ltd and Aspire Trade Ltd (FRN 490611), was declared in default by the Financial Services Compensation Scheme on 12 February 2021. The firm offered pensions, insurance, and investment products to customers. Eligible claimants may be entitled to FSCS compensation of up to £85,000 for investments and pensions, and up to 90% of losses for insurance claims with no upper limit.

Products this firm wrote

Pensions, Insurance, Investments

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.