Ideal Insurance Services Limited

30th April 2008

The Financial Services Compensation Scheme (FSCS) has been made aware by the Financial Services Authority (FSA), that some consumers who arranged insurance policies through Ideal Insurance Services Limited, an insurance broker based at offices at Oak House, High Street, Chorley, Lancashire PR7 1DW, may not have an insurance policy in place.

FSCS may be able to help customers of this firm if it is unable to pay claims made against them. For example FSCS may be able to help if you paid premiums to Ideal Insurance Services Limited, but the firm did not set up an insurance policy and cannot now return the money you paid to it.

What you should do

The first thing you should do is contact the insurer named on any policy documents you may have, to confirm that insurance cover is in place.

If you believe that you do not have valid insurance cover for which premiums have been paid to Ideal Insurance Services Limited, you should contact our Customer Services Team.

The role of FSCS

The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services firms and may be able to help consumers if an authorised firm is unable to pay claims against it. The Scheme was set up under the terms of the Financial Services and Markets Act 2000 and protects deposits, insurance, investments and mortgage business.

We are an independent body and provide a free service to consumers.