FSCS Failed

Were you advised by Wellington Court Financial Services?

FSCS failed. 329 confirmed open claims. The GMTC SIPP connection opens Route 4 alongside Route 3 — two parallel routes may be available.

Check Whether You Have a Claim Time Limits Guide
£40,000 Claim band from
9/10 Opportunity score
UK Domestic Segment
Route 3 Primary route
Firm Assessment

● FSCS Default | FCA Permissions Removed | FRN 465455 | 329 Open Claims

What happened

Wellington Court Financial Services (FRN 465455) was an Irish-regulated firm passported into the UK, advising clients on transfers into GMTC SIPPs. FSCS default confirmed. 329 open claims in process.

Route 3 FSCS claims are active. The GMTC SIPP connection opens a parallel Route 4 civil claim against the SIPP operator for governance failures.

Who this affects

Clients advised by Wellington Court — particularly those placed into GMTC SIPPs — including UK nationals in Ireland, the UK, or elsewhere.

Claim Routes

Which Routes Apply to This Firm

Based on this firm's current regulatory status, the following routes are available. Primary route is listed first.

Route 3

FSCS Claim (Failed Firm)

Direct claim to the Financial Services Compensation Scheme where your adviser firm has closed, entered administration, or been declared in default. Government-backed compensation of last resort.

FSCS pays up to £85,000 per person, per firm for pension advice mis-selling. For losses above this limit, Route 4 is assessed in parallel.
Route 4

Civil Litigation (Uncapped)

Uncapped civil court recovery where the SIPP operator, pension trustee, or other party bears legal responsibility. Pursued through our SRA-regulated solicitor partner panel. Fully uncapped under SRA Claims Management Fees Rules 2024 (Rule 2.6).

No cap. Civil courts can award the full value of your demonstrable financial loss. Legal basis: Berkeley Burke v FOS [2018], Adams v Carey Pensions (FSMA s.27), Fletcher v Options UK [2024] EWCA Civ 541.
Questions & Answers

Frequently Asked Questions

What is the link between Wellington Court and GMTC?
GMTC was the SIPP operator into which Wellington Court directed transfers. Both may bear liability — two parallel claims are potentially available.
Wellington Court was Irish. Can I use the FSCS?
Yes. The firm held FCA authorisation (FRN 465455) via EEA passporting, making the FSCS route available.
Urgent — Act Promptly

Time Limits on Your Claim

Pension mis-selling claims are subject to strict DISP and Limitation Act time limits. Missing a deadline can permanently bar your right to compensation.

⚠ Do Not Delay

329 open claims confirm the route is active. Standard FSCS time limits apply from the advice date. View our time limits guide.

View the full time limits guide →

Start Your Free Claim Assessment

Our SRA-regulated solicitor partners assess every case individually — free of charge, with no obligation to proceed.

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Also Reviewing

Other Firms Under Assessment

Redress Advisory is reviewing pension transfer advice from a range of firms. If your adviser is listed below, a dedicated claim page is available.

Named firms with dedicated pages
Pembrokeshire Mortgage CentreActive Wealth (UK) LtdVintage Investment ServicesCeltic Wealth ManagementTenet GroupLighthouse Financial AdviceSt James's PlaceHolistic Pension Transfer SpecialistsGuinness Mahon Trust CorpPurely Pensions / Purely FinancialBrite Advisory GroupdeVere GroupAES InternationalChase BuchananGuardian Wealth ManagementFiduciary Wealth ManagementHolborn Assets

Important Notice

Redress Advisory Ltd (Company No. 17295681) is a technology platform that provides case assessment and referral services. Redress Advisory is not a claims management company and is not regulated by the Financial Conduct Authority as such. All regulated claims management activity and legal work is carried out exclusively by our Operating SRA Partner (OSP) solicitor firms, each of which is independently authorised and regulated by the Solicitors Regulation Authority.

You do not need to use Redress Advisory or a solicitor to pursue a pension mis-selling complaint. You can complain directly to the financial firm, escalate to the Financial Ombudsman Service (FOS), or apply to the Financial Services Compensation Scheme (FSCS) yourself, free of charge. If you instruct a solicitor through our OSP partner panel, their fees will reduce any compensation you receive.

The information on this page is for general informational and educational purposes only. It does not constitute legal, financial, or regulated advice of any kind. Individual outcomes depend on the specific facts of each case.

FOS: 0800 023 4567  |  FSCS: 0800 678 1100  |  FCA Register: register.fca.org.uk