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The London Trading Company Ltd

Failed 10/03/2023

FRN: 678985

The London Trading Company Ltd declared in default

The London Trading Company Ltd was declared in default by the Financial Services Compensation Scheme in March 2023.

According to reports the FSCS has confirmed it has received 23 claims against the firm, which also traded as Lontrad and  TCM Wealth Management. One of which has been upheld.

All claims relate to unsuitable investment advice, in particular in relation to SIPPS (Self-Invested Personal Pensions).

The firm, which is currently in liquidation,

Making a Claim against The London Trading Company Ltd

As the firm no longer exists, eligible claims will be processed by the Financial Services Compensation Scheme (FSCS).

The FSCS has limits to how much compensation it can award which depends on how and when you were mis-sold.  The current maximum amount the Financial Services Compensation Scheme can award is £85k per eligible person, per firm.

Here’s some useful links to help you start a claim yourself…

You can make a claim yourself for free against The London Trading Company Ltd with the Financial Services Compensation Scheme.

Making a claim
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

 

Looking for help? Our service can handle your claim

Pension Claim Consulting is one of the UK’s leading claims companies specialising in mis-sold pensions and investments.

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

Our success fee is 15%+VAT (total 18%) calculated on the gross amount of compensation offered to you and is capped at £7,500 + VAT.

Key Facts

1
The London Trading Company also traded as Lontrad and  TCM Wealth Management. 
2
It was declared in default in March following claims relating to pensions and investment related advice
3
Not sure if you have a case? Our free initial assessment can help

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.