The UK Financial Services Compensation Scheme (FSCS) has confirmed that five firms were declared in default in the last two months – which means they have gone out of business and are unable to meet any claims themselves.
Customers who may be owed money by these firms can see details about how to make a claim by visiting the FSCS website at www.fscs.org.uk/making-a-claim.
If a regulated financial firm is no longer trading and cannot pay a customer’s claim, FSCS can step in to pay compensation if certain requirements are met.
FSCS protection covers money held in bank, building society and credit union accounts. FSCS also protects pensions, financial advice, insurance, investments, mortgage advice and arranging, debt management and funeral plans.
Visit www.fscs.org.uk if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on Freephone 0800 678 1100 or +44 20 7741 4100, or by email at enquiries@fscs.org.uk.
