5th September 2006
We have been made aware by the Financial Services Authority, (FSA), that some consumers who arranged insurance policies through Walsall Bridge Insurance Consultants Limited may not have an insurance policy in place.
The FSA has banned the firm from carrying out regulated activities, after it found that premiums paid to them by their customers may not have been passed on to the intended insurer. This means that those customers affected may not have insurance cover in place.
FSCS may be able to help customers of Walsall Bridge Insurance Consultants Limited if the firm is unable to pay claims against it. For example FSCS may be able to help if you paid premiums to Walsall Bridge Insurance Consultants Limited, but it 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 that is named on any policy documentation 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 Walsall Bridge Insurance Consultants 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.