23rd February 2004
This is the current position
The Financial Services Compensation Scheme (FSCS) has declared the David Aaron Partnership and David M Aaron (Personal Financial Planners) Limited in default. This means that FSCS is satisfied that these firms are unable (or likely to be unable) to pay claims against them. Both of these firms, at different times, traded as "The David Aaron Partnership". A declaration of default opens the way for consumers to claim compensation from FSCS.
What to do if you have a claim
If you have not already done so, you should also contact KPMG, the liquidator of the limited company, to notify them that you may have a claim against this firm. They can be contacted at:
How long will claims take to process?
We have set up a dedicated team to handle these claims and we are dealing with all claims as quickly as we can. However, we have received approximately 2,000 claims relating to The David Aaron Partnership, which will take some time to complete, and we must ask you to be patient.
Whilst we intend to complete all claims within nine months, those claims that are at the back of the queue may take longer (although we hope not significantly longer than this). Claims are being processed in order of receipt unless a claimant is facing particular hardship. For bond claims, we cannot process your claim until the investment has matured.
If you have any questions, please contact us. However, if you have already lodged your claim, please be patient. We will acknowledge receipt of your completed application form and will be in touch about your claim as soon as we can.