Sova Capital Ltd
What this means for you
Because Sova Capital 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
Sova Capital Ltd (FRN 225539), a firm offering investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 4 March 2022. Eligible customers who held investments through the firm may be entitled to compensation of up to £85,000 under the FSCS investment protection limit. The firm had no trading names and was authorised to provide advisory services and collective investment scheme access prior to its default declaration.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.