FSCS starts accepting claims against Pello Capital
The UK Financial Services Compensation Scheme (FSCS) is now accepting claims against Pello Capital Ltd.
Pello Capital Ltd was authorised by the FCA from 5 February 2007 until 15 November 2022. Pello is a wealth management firm that offers a range of services to its clients, including stockbroking, online share dealing, foreign exchange trading, corporate broking and pensions.
Pello was placed in creditors voluntary liquidation by its directors on 14 December 2022.
The directors of Pello decided to place the firm in creditors voluntary liquidation, following action taken by the FCA to place requirements on Pello which stopped it from conducting regulated activities and restricting it from disposing of assets.
FSCS is currently working closely with the Administrators while it investigates whether customers who have submitted claims to FSCS are eligible for compensation under its rules, as set by FCA. Until FSCS has finished its investigation, FSCS cannot say whether it will be able to pay compensation to any customers who submit claims to FSCS against Pello Capital ltd.
The Scheme will provide updated information via its webpage.