Q&As about Pritchard Stockbrokers Limited

I had “deposited” money with Pritchard so can I expect £85,000 compensation from FSCS?

Should I wait for the promised 50p in the pound (£) dividend from the Special Administrators in July, or make a claim with FSCS instead? What can I claim from FSCS if I get the dividend first?

Pritchard acted as custodian to clients. Can Merchant Capital clients claim from FSCS?

Can I make a claim to FSCS now?

Does FSCS compensate for missing stocks and shares?

What happens if my losses are over the FSCS maximum of £50,000 and I accept the FSCS’s compensation?

For corporate accounts, will FSCS be sending one application form for the whole account, or separate application forms for individual clients within that account?

How will my compensation be calculated, and what compensation will I receive from FSCS?

What if I believe I am suffering financial hardship and need my claim to be considered urgently?

If I receive compensation from the Special Administrators can I still pursue a claim with FSCS?

What if I held money accounts in currencies other than British Pounds (GBP)?

What if I held funds in an ISA or a SIPP account?

I have some queries about the claim form supplied by Mazars. Can FSCS help me?

How long will FSCS take to process my claim?

Why have I received more that one application form?

Jargon Buster

  • Deposits

    money placed in a bank or similar institution to earn interest or for safe-keeping.
  • Deposit-taker

    an organisation which accepts deposits, for example a bank or building society.
  • Eligible

    qualifying for compensation under Scheme rules.
  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).