Why You May Be Entitled to Compensation
The FSCS declaration on 05 February 2026 confirms that Nexus Independent Financial Advisers Ltd has failed. If you received advice from Nexus Independent Financial Advisers Ltd regarding pensions or investments that resulted in financial loss, you might be eligible to make a claim. The FSCS protects consumers when authorised financial services firms fail, providing a vital safety net. The FSCS has received claims relating to pensions and investments advice against the firm, with at least one claim being upheld, triggering the default declaration.
Background of Nexus Independent Financial Advisers Ltd
| Detail | Information |
| Company Name | Nexus Independent Financial Advisers Ltd |
| FRN | 584769 |
| Trading Names | Nexus Wealth, NIFA, Nexus SIPP |
| FSCS Default Date | 05 February 2026 |
| Administration | Entered administration on 26 January 2023 |
| FCA Restrictions | FCA imposed restrictions on 25 January 2023 due to concerns about £2 million being withdrawn from client investment accounts |
| Sale of Firm | Sold to Vintage Wealth Management Limited for £500,000 on March 9, 2023 |
| Primary Services | Pensions, Investments |
Act Now: Seek Expert Claim Advice Today
Time limits, known as time-barring restrictions, may apply to financial claims. It is crucial to act promptly to avoid missing out on potential compensation. Our expert consultants are ready to discuss your options and guide you through the process.
Call us today for a free phone or video consultation on 0800 041 8359 to determine your eligibility for compensation. Even if you’ve previously made a claim, you might be entitled to additional redress.
Frequently Asked Questions (FAQs)
Q: What does it mean if a firm is ‘declared in default’ by the FSCS?
A: When a firm is declared in default by the FSCS, it means the FSCS is satisfied that the firm is unable to pay claims against it. This triggers the FSCS’s compensation process, allowing eligible customers to claim directly from the FSCS.
Q: How long do I have to make a claim?
A: Claim deadlines can vary. It is always best to seek advice as soon as possible, as time-barring restrictions may apply. Contact us for a free consultation to assess your specific situation.
Q: What types of losses are covered for Nexus Independent Financial Advisers Ltd?
A: Based on the FSCS declaration and information from financial news, claims related to pensions and investments advice from Nexus Independent Financial Advisers Ltd are likely to be covered. We will assess your individual circumstances during the consultation.
Q: Do I need a solicitor or claims management company to claim from the FSCS?
A: No, you can make a claim directly to the FSCS for free. However, many individuals choose to use experts like us to manage the complex process, gather evidence, and maximise their chances of success, especially with our no-win, no-fee service.
