FSCS in-default register

PWH Financial Planning Ltd, trading as WGN Wealth Management

Declared in default13 December 2021FRN 506351

What this means for you

Because PWH Financial Planning Ltd, trading as WGN Wealth Management 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

PWH Financial Planning Ltd, which traded as WGN Wealth Management (FRN 506351), provided pension advice, pension transfer services, and self-invested personal pension (SIPP) administration to clients. The Financial Services Compensation Scheme declared the firm in default on 13 December 2021. Eligible customers may claim compensation up to £85,000 for losses relating to pension-related products and services.

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.