FSCS in-default register

Earthworm Ltd

Declared in default1 December 2020FRN 797051

What this means for you

Because Earthworm 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

Earthworm Ltd (FRN 797051) provided investment advice and unregulated collective investment products to retail customers. The firm was declared in default by the Financial Services Compensation Scheme (FSCS) on 1 December 2020. Eligible customers may claim up to £85,000 in FSCS compensation for investment business losses.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.