Customers of Cornerstone Friendly Society
The Financial Services Compensation Scheme (FSCS) has paid almost £1 million in compensation to customers of Cornerstone Friendly Society.
Cornerstone Friendly Society went into liquidation on 16th June 2015, after the Prudential Regulation Authority (PRA) made an application to the court on 7th April 2015. BDO LLP business restructuring partners, Malcolm Cohen and Mark Shaw, were appointed joint liquidators of the firm on 17th June 2015.
Prior to declaring the firm in default on 15th May 2017, FSCS worked with the liquidators and regulators, and also liaised with West Yorkshire Police who looked into the firm.
To date, FSCS has paid £950,000 to 44 of the firm’s customers.
Latest News from
Beaufort clients warned of potential scam11/02/2019 10:25:00
Beaufort administrators PricewaterhouseCoopers (PwC) have made FSCS aware that Beaufort clients are being approached by individuals claiming to be representatives of PwC or The Share Centre Limited (TSC).
FSCS warns consumers of potential scam05/02/2019 10:20:00
We want to make consumers aware of phishing emails claiming to be from FSCS that ask people to register a claim to receive large amounts of outstanding monies owed. These emails ask consumers to provide personal details.
Qudos Insurance A/S has failed21/12/2018 15:10:00
Danish-based Qudos Insurance A/S has become the latest firm to fail after FSCS declared it in default on 20 December 2018.
Horizon Insurance Company Ltd has failed20/12/2018 13:25:00
Gibraltar-based Horizon Insurance Company Ltd has become the latest firm to fail after FSCS declared it in default on 19 December 2018.
Independent Portfolio Managers Ltd has failed07/12/2018 14:25:00
London-based Independent Portfolio Managers Limited (IPM) has become the latest firm to fail after it was declared in default on 3 December 2018.
Alpha Insurance update22/11/2018 12:25:00
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.
We accept claims against The Mortgage Matters Partnership02/11/2018 16:18:00
The Financial Ombudsman Service (FOS) is no longer accepting claims against The Mortgage Matters Partnership (TMMP).
K&C Credit Union failure10/10/2018 09:25:00
The Financial Services Compensation Scheme (FSCS) has announced the failure of London-based K&C Credit Union Limited, which traded as ‘Your Credit Union’, which was declared in default on 9 October, 2018.