Prism Independent Financial Advisers — FSCS Claims & Compensation (FRN 515431)
Full legal name: Prism Independent Financial Advisers Ltd
Prism Independent Financial Advisers Ltd (FRN 515431) was failed and declared in default by the FSCS on 11 July 2023. If you were advised by Prism Independent Financial Advisers and lost money, you may be able to claim compensation of up to £85,000 from the FSCS. Eligibility depends on your circumstances — a free check takes under a minute.
Prism Independent Financial Advisers Ltd appears on the FSCS failed-firms register. It was failed and declared in default on 11 July 2023, in the Pensions category.
What this means for you
If Prism Independent Financial Advisers advised you on a pension — for example transferring a workplace, personal or final-salary pension, or moving it into a SIPP — and the advice was unsuitable for you, you may have a claim. Where the firm has failed, eligible losses can be claimed from the FSCS up to £85,000 per person.
Your options
- FSCS — where Prism Independent Financial Advisers has failed, you may claim eligible losses up to £85,000 per person, per firm (the FSCS limit is £85,000 for firms that failed from 1 April 2019, £50,000 for 2010–2019 and £48,000 before that). You can claim free at fscs.org.uk without using a solicitor.
- A representative — specialist firms can gather the evidence and handle the claim for you, typically on a No Win, No Fee basis.
- Check your time limit — deadlines vary by route. See our guide to time limits for mis-selling claims, and how compensation is calculated.
Were you a client of Prism Independent Financial Advisers?
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Is Prism Independent Financial Advisers Ltd still trading?
Prism Independent Financial Advisers Ltd (FRN 515431) appears on the FSCS failed-firms register and was failed and declared in default on 11 July 2023. You should always check the current position on the FCA Register and the FSCS website.
How do I claim against Prism Independent Financial Advisers?
You can claim directly and free of charge through the FSCS at fscs.org.uk, or instruct a representative to handle it for you. Either way, a free initial check can confirm whether you may be eligible.
How much could I claim for Prism Independent Financial Advisers?
Where eligible, the FSCS pays up to £85,000 per person for Prism Independent Financial Advisers. The actual amount depends on your assessed loss and your individual circumstances.
Other pension firms on the FSCS list around the same time
- The Financial Planning PracticeDeclared in default 11 August 2023 · FRN 223388
- Arrow Financial Services UKDeclared in default 9 August 2023 · FRN 528826
- Maymont WealthDeclared in default 21 July 2023 · FRN 629098
- Cheshire Trafford UKDeclared in default 21 July 2023 · FRN 115194
- Wealthmasters Financial ManagementDeclared in default 11 July 2023 · FRN 536087
- MacFarlaine & Brooks IFADeclared in default 28 June 2023 · FRN 612753
This page is for information only and is not affiliated with the FSCS. You can complain to the Financial Ombudsman Service or claim from the FSCS for free without using a solicitor. Compensation depends on your individual circumstances. This website does not constitute legal advice.