FSCS in-default register

Acklam Financial Ltd

Declared in default26 November 2021FRN 223707

What this means for you

Because Acklam Financial 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

Acklam Financial Ltd (FRN 223707), a UK regulated firm offering pensions and investments, was declared in default by the Financial Services Compensation Scheme on 26 November 2021. The firm had provided investment and pension products to retail customers. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 per person in respect of their investments and pension holdings.

Products this firm wrote

Pensions, 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.