FSCS Opens Compensation Claims for Bullseye Financial Customers

The UK Financial Services Compensation Scheme (FSCS) has opened its claims process to customers of Bullseye Financial, allowing affected investors to submit compensation claims through its online service.

FSCS noted that some Bullseye customers invested following advice from HDH. Those who believe they may also have a claim against HDH are advised to submit a separate claim via a dedicated page.

Although claims are being accepted, they will not be immediately passed to FSCS claims processing teams for assessment. The scheme is currently investigating Bullseye to determine whether claims meet the qualifying conditions for compensation, a process that may take some time. FSCS said it is working closely with the Financial Conduct Authority (FCA).

Bullseye has been authorised by the FCA since May 2021. The firm provided discretionary investment management services to direct clients and execution-only dealing services to clients advised by HDH Investment Services (HDH).

Bullseye entered administration on 23 October 2026. Robert Young of Azets Holdings Ltd and Matthew Haw of RSM UK Consulting were appointed as joint administrators.