Consumers could get back money they have lost as a result of their dealings with any of the 31 failed financial firms (listed below) The Financial Services Compensation Scheme (FSCS) has recently declared in default.
FSCS is the UK’s statutory compensation scheme for protecting 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.
Mark Oakes, Head of Communications at FSCS, said: “FSCS protects consumers around the UK when authorised financial services firms go bust. It protects your deposits, investments, home finance and insurance, and it’s free for consumers to use. Our message to anyone who believes they may be owed money as a result of their dealings with any of these firms is please get in touch as we may be able to help you.”
Since its inception, FSCS has helped over 4.5m people,
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