London Scottish Bank plc
Failed 30 November 2008
You might be eligible for compensation
London Scottish Bank has stopped trading. It went out of business on 30 November 2008.
After investigating the situation, we have concluded that London Scottish Bank is unable, or likely to be unable, to pay compensation claims against it in relation to the selling of payment protection insurance (PPI) on or after 14 January 2005.
As a result of this, we have declared London Scottish Bank as a failed firm. The technical term for this is 'a company in default'.
You could be eligible to claim PPI compensation from London Scottish Bank through FSCS – it’s completely free to claim with us.
See our PPI compensation limits and their conditions on our PPI page.
London Scottish Bank PPI claims
We provide compensation for customers when financial firms fail, meaning the PPI deadline of 29 August 2019 doesn’t apply to us. So, if you bought a PPI policy and the information you were given was misleading or insufficient, and the firm that gave you the advice has since failed, you may be eligible to claim compensation. We can help you claim, but only if the advice was received on or after 14 January 2005.
If you were a customer and think London Scottish Bank mis-sold you a PPI policy, or London Scottish Bank earned commission from the sale of PPI but didn’t tell you the level of commission at the time you bought it, then you could be eligible to claim compensation through us.
Click the ‘Check if you can claim’ button to start the process.