FSCS in-default register

Cygnus Investment Management Ltd

Declared in default3 September 2018FRN 564960

What this means for you

Because Cygnus Investment Management 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

Cygnus Investment Management Ltd, which operated under FRN 564960, was declared in default by the FSCS on 3 September 2018. The firm's specific product offerings cannot be determined from available data. Eligible customers may be entitled to FSCS compensation, though the applicable limit depends on the product type involved in their claim.

Products this firm wrote

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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.