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Aquila Financial Services

Failed 19/01/2023

FRN: 539133

Aquila Financial Services declared in default

Aquila Financial Services was declared in default by the Financial Services Compensation Scheme in January 2023.

The Barnsley-based advice firm was previously known as Ridings Wealth and traded as Aquila Will & Estate Planning Services and Morrison Watts Mortgage Advisers.

The firm was authorised by the Financial Conduct Authority, but according to the FCA register since March 2019 it was “No longer authorised”


Claims against Aquila Financial Services

As this firm no longer exists, if you have an eligible claim it will be processed by the Financial Services Compensation Scheme (FSCS).

The FSCS told FTAdviser it has received several claims against the firm relating to pension advice.

The FSCS has limits to how much compensation it can award, depending on when and how you were mis-sold and its current maximum is £85k.


You can make a claim yourself for free. Here’s some useful links…

Financial Services Compensation Scheme
FSCS Making a claim
FSCS Contact Us

Money Helper
How to spot a pension scam

Money & Pensions Service
How MaPS can help those who have been scammed on their pensions

Or let our service take care of your claim

We are one of the UK’s leading claims management firms and specialists in mis-sold pension and investment claims.

Our service includes full investigations and total management of your claim on your behalf.

Our success fee is calculated at 15%+VAT (total 18%) of the gross amount of compensation offered to you.

And our maximum success fee is capped at £7,500 + VAT.

Our free initial Assessment

If you think you may have been affected by pension mis-selling but not sure if you have a case we offer an initial assessment.

It’s a simple chat with one of our friendly experts who can tell you if we think you have a case and what your options are if you want to make a claim.

It’s free, confidential and there’s absolutely no obligation to use our claims service.

Simply fill in the form below to arrange yours! 

Key Facts

The firm was declared in default by the FSCS in January 2023 following claims relating to pension advice.
If you're worried you may have been affected and would like to know if you may have a case - try our free initial assessment

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.