How we work

If you think you have a claim against a financial firm that’s failed, you could claim compensation through us. It’s completely free and we’ll tell you straight away if you’re eligible when you claim online.

There are some eligibility criteria you must meet to be able to claim with us.

We accept online claims for insurance, endowments, home finance (including mortgage advice), pensions, payment protection insurance, investments and debt management. You don’t need to make a claim if your bank, building society or credit union has failed. We’ll return your money automatically, up to our £85,000 compensation limit.

How to make a claim

  1. Check if you’re eligible – enter some details and we'll tell you immediately if you can claim with us.
  2. Create your online account – log in at any time to check the progress of your claim.
  3. Complete your application – tell us why you're claiming, upload your supporting documents, sign your claim electronically and submit it.

It usually takes around 90 minutes to complete your claim online. You can save your progress and come back to your claim at any time.



Check if you can claim


The claims process

We'll process your claim as quickly as we can, but it will help if you have the documents we need ready beforehand. See the videos above and below for an overview of the process.

Complete your online application

We need to ask you a lot of questions and request your supporting documents to check whether you’ve got a valid claim under our rules. It usually takes about 90 minutes to complete your application. You can save your information as you go and return to it at any time.

We investigate your claim

Sometimes we need extra information to decide on your claim so we may contact you again or speak to a third party, such as a product provider.

We complete claims as quickly as possible but how long it takes will depend on its type and complexity, and how quickly you and third parties respond to our requests for information. See how long it’s currently taking us to complete claims

We tell you the outcome of your claim

At the end of our investigation, we’ll decide whether we can pay you compensation. If we can, we’ll calculate how much we can pay you and let you know.

We’re here to help you understand our decision and work through any issues you might have. If you don’t agree with the outcome of your claim, you can challenge our decision by making an appeal. If you’re unhappy about how we handled your claim, you can make a complaint.




Check if you can claim