FSCS in-default register

RSS&L Ltd

Declared in default24 February 2023FRN 774374

What this means for you

Because RSS&L 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

RSS&L Ltd (FRN 774374), a UK-regulated firm providing pension advice, pension transfer services, and self-invested personal pension (SIPP) administration, was declared in default by the Financial Services Compensation Scheme on 24 February 2023. Former customers who held pension-related products with the firm may be eligible for FSCS compensation of up to £85,000 per eligible claim. The default declaration followed the firm's inability to meet its financial obligations to customers.

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.