FSCS considering cover for claims against Cornerstone Friendly Society

10th March 2016

The Financial Services Compensation Scheme (FSCS) continues to consider whether it can pay compensation to clients of Cornerstone Friendly Society.

FSCS is working with the liquidators and regulators to understand what the liquidation means for the firm’s clients. FSCS is also liaising with West Yorkshire Police who are looking into the firm.

We will confirm whether we can pay compensation to customers of the firm as soon as we can.

Cornerstone Friendly Society went into liquidation on 16 June 2015, after the Prudential Regulation Authority (PRA) made an application to the court on 7 April 2015. BDO LLP business restructuring partners, Malcolm Cohen and Mark Shaw, were appointed joint liquidators of the firm on 17 June 2015.

Clients of the firm who believe they may have a claim should call our Customer Services Team on 020 7741 4100 or Freephone 0800 678 1100 to request an application form.