Alpha Insurance update
The Alpha Liquidator has recently sent out letters to all UK customers of Alpha insurance who have made a premium refund claim via the Alpha online portal.
These letters acknowledge that the Alpha Liquidator has received their details and is working on verifying their premium refund claim. The letters also offer advice on whether customers might be eligible for protection from FSCS and the Danish Guarantee Fund (DGF). Please note that if customers aren’t eligible for protection from DGF, they may still be eligible for protection from us. Customers do not need to do anything further at this stage. Their details will be passed to FSCS and the DGF by the Alpha Liquidator when they have finished verifying their premium refund claim.
For further information visit our Alpha Insurance updates page.
Latest News from
FSCS to compensate Alpha latent defect policyholders20/08/2019 10:25:00
The Financial Services Compensation Scheme (FSCS) is to compensate Alpha Insurance latent defect premium insurance policyholders (see FSCS webpage for Alpha customers).
FSCS declares six firms in default in July19/08/2019 13:38:00
Consumers could get back money they've lost as a result of their dealings with any of the six failed regulated firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default in July 2019.
Update for customers of SVS Securities06/08/2019 14:10:00
The Financial Services Compensation Scheme (FSCS) is aware that the wealth management firm SVS Securities PLC was placed in special administration by its Directors on 5 August 2019.
Red Sands to provide replacement home insurance cover for LAMP policyholders30/07/2019 13:10:00
Replacement home insurance cover has been secured with Red Sands for home insurance policyholders whose policies were previously underwritten by LAMP Insurance Company.
FSCS declares 11 firms in default in June18/07/2019 10:25:00
Consumers could get back money they've lost as a result of their dealings with any of the 11 failed regulated firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default in June 2019.
Alpha Insurance A/S15/07/2019 11:37:00
Since May 2018, FSCS has been working with CRL Management (an appointed representative of BCR Legal Group Ltd), BCR Legal Group Ltd and the Alpha Liquidator to try and secure replacement cover for Alpha’s 10-year latent defect/structural damage insurance policies, which lapsed on 11 August 2018 in accordance with Danish law.
Summary note on the basis for protected claims against London Capital & Finance plc15/07/2019 10:10:00
London Capital & Finance plc (“LCF”) was originally set up in July 2012 as a commercial finance provider to UK companies. From September 2013, LCF sold mini-bonds, with trading significantly increasing from 2015 onwards. Whilst it previously had an interim consumer credit permission, LCF only became fully authorised on 7 June 2016. FSCS protection can only apply in relation to regulated activity carried out after this date.
Two wins for FSCS at Diversity in Finance Awards08/07/2019 11:03:00
At Financial Adviser’s inaugural Diversity in Finance Awards on 3 July FSCS scooped two awards. FSCS was recognised as the Employer of the Year, and David Blackburn, FSCS’s Chief People Officer, was named as the Diversity Champion of the Year.