West Wales Financial Services — FSCS Claims & Compensation (FRN 756482)
Full legal name: West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages
West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages (FRN 756482) was failed and declared in default by the FSCS on 19 November 2021. If you were advised by West Wales Financial Services 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.
West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages appears on the FSCS failed-firms register. It was failed and declared in default on 19 November 2021, in the Pensions, Investments category.
West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages has also been known as, or traded as: IWA Financial Solutions, Mike Powell Mortgages. If you dealt with any of those names, the same claim routes may apply.
What this means for you
If West Wales Financial Services 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.
If West Wales Financial Services advised you to invest — for example in a bond, fund, or an unregulated or high-risk product — and that advice was unsuitable, you may have a claim. Where the firm has failed, the FSCS may pay eligible losses up to £85,000 per person.
Your options
- FSCS — where West Wales Financial Services has failed, you may claim eligible losses up to £85,000 per person, per firm. 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 West Wales Financial Services?
Start a free, no-obligation check — we'll tell you whether you may have a claim, usually within 24 hours.
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Is West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages still trading?
West Wales Financial Services Ltd, trading as IWA Financial Solutions, and Mike Powell Mortgages (FRN 756482) appears on the FSCS failed-firms register and was failed and declared in default on 19 November 2021. You should always check the current position on the FCA Register and the FSCS website.
How do I claim against West Wales Financial Services?
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 West Wales Financial Services?
Where eligible, the FSCS pays up to £85,000 per person, per failed firm. The actual amount depends on your assessed loss and your individual circumstances.
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.