The Financial Conduct Authority (FCA) has encouraged former customers of Verus Financial Services Limited to check whether they can claim compensation through the Financial Services Compensation Scheme (FSCS). Compensation is subject to assessment of individual claims by the FSCS, which the FCA is supporting. Since 2025, Verus has had no permission to carry out any regulated financial services activity in the United Kingdom, including providing financial advice. The firm also cannot sell, transfer or reduce its assets without FCA approval. Customers should remain alert to fraud and end any unexpected call from someone claiming to represent Verus.
UK FCA urges former Verus Financial Services customers to check compensation eligibility
The Financial Conduct Authority has urged former Verus Financial Services Limited customers to check their eligibility for compensation through the Financial Services Compensation Scheme. Compensation depends on the scheme’s assessment of individual claims. Verus has lacked permission to conduct regulated financial services activities in the United Kingdom since 2025.