FSCS in-default register

NJ Associates Financial Services Ltd

Declared in default24 January 2020FRN 711232

What this means for you

Because NJ Associates Financial Services 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

NJ Associates Financial Services Ltd, FRN 711232, has been declared in default by the FSCS as of 24 January 2020. The firm provided pension advisory services, pension transfer advice, and self-invested personal pension (SIPP) administration to its clients. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 for pension-related claims, in accordance with the standard investment product limit.

Products this firm wrote

Pension advicePension transferSIPP administration

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.