FSCS declared 45 firms in default May to October 2020

9 Nov 2020 02:29 PM

Regular notice that consumers could be in line for compensation

People who have dealt with any of the 45 firms listed below, and believe they are owed money, as a result, can now make a claim to the Financial Services Compensation Scheme (FSCS).

This vital service, which is free to consumers, protects money held in bank, building society and credit union accounts. It also protects insurance, investments, mortgage advice and arranging, and debt management.

Caroline Rainbird, FSCS’s Chief Executive, yesterday said:

“Because these firms are unable to pay back the money they owe their customers, FSCS can step in and pay them compensation. As Chief Executive, I see first-hand the important role FSCS plays to help people who have lost money through their dealings with financial services firms that have failed or are no longer trading.

"The impact of their financial loss shouldn’t be underestimated. People who claim through FSCS are often vulnerable. We treat each person with empathy and understanding as their claim is progressed.”

Since it began in 2001, FSCS has helped more than 4.5m people.

Visit our claims site if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk

For the latest FSCS news and information visit www.fscs.org.uk or follow @FSCS on Twitter.

Declarations by FSCS between May and October 2020

 May 2020 – 2 firms

June 2020 – 15 firms

July 2020 – 5 firms

August 2020 – 5 firms

September 2020 – 13 firms

October 2020 – 5 firms

Media enquiries:

Email: publicrelations@fscs.org.uk
Anthony Ozimic t: 020 7375 8638 / m: 07939 177683
James Tweed t: 020 7375 8646
Suzette Browne t: 020 7375 8633

Notes for Editors

Read more about the remit of FSCS on our Notes for editors page.