Consumers could be in line for compensation after FSCS declares eight firms in default

12th July 2018

Consumers could get back money they have lost as a result of their dealings with any of the eight failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default during June 2018.

FSCS is the UK’s statutory compensation scheme that protects customers of regulated financial services firms. A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation.

Alex Kuczynski, Chief Corporate Affairs Officer at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital service, which is free to consumers, protects your deposits, investments, home finance and insurance. We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.” 

Since it began in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

If you wish to make a claim with FSCS against one of these firms, you may be able to do so using FSCS’s online claims service. Or you can contact the Scheme’s Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk.

For the latest FSCS news and information visit www.fscs.org.uk or follow @FSCS News

Declarations by FSCS

from 1st to 30th June 2018

Greater London

Indigo Outsourcing Limited formerly Indigo Mortgage Brokers Limited, 5th Floor, Broadmead House, 21-23 Panton Street, London, SW1Y 4DR

South East

Principal Marketing and Insurance Services Limited, Principal House, 6 Chertsey Road, Woking, Surrey, GU21 5AB

South West

Professional Financial Advisers of Cheltenham Limited, Financial Advisory Centre, Lansdown Place Lane, Cheltenham, Gloucestershire, GL50 2LB

West Midlands

Squirrel PFA Limited, SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands, B74 2UD

Yorkshire and the Humber

Brian Leighton (Garages) Ltd, Boothferry Road, Howden, Goole, North Humberside, DN14 7TA

Pentagon Independent LLP, The Grange, Wheldrake Lane, Elvington, York, North Yorkshire, YO41 4AZ

ICF Group Ltd formerly t/a Kennett ICF, Medina House, 2 Station Avenue, Bridlington, East Riding Of Yorkshire, YO16 4LZ

Scotland

Fergus Burns formerly t/a The Financial Planning Partnership, 13 Borthwick Place, Balmullo, St. Andrews, Fife, KY16 0EB