FSCS has confirmed that the 10 firms below are in default – which means they have gone out of business and are unable to meet any claim themselves.
Customers who are owed money by these firms can see how they’re protected by visiting FSCS here – https://www.fscs.org.uk/what-we-cover/.
If a regulated financial firm is no longer trading and can’t pay a customer’s claim, FSCS can step in to pay compensation. Our recent podcast explains more about what it means when we declare a firm in default: https://www.fscs.org.uk/news/podcasts/episode12/.
We’re independent and our service is free to customers. Our protection covers money held in bank, building society and credit union accounts, and FSCS also protects insurance, investments, mortgage advice and arranging, debt management and funeral plans. Customers keep all the compensation they’re owed when they claim directly through us.
Sabah Carter, FSCS’s Chief Data, Intelligence and Technology Officer, said
“FSCS is here to protect consumers across the UK and to contribute to financial stability. We are reaching out to consumers to let them know that compensation may be available if they have suffered losses due to a failed financial services firm. We are a free and independent service that customers can claim directly with.”
Visit https://claims.fscs.org.uk/ if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at [email protected].
