South East: Consumers could be in line for compensation after FSCS declares 21 firms in default
The Financial Services Compensation Scheme (FSCS) could help consumers that have lost money as a result of their dealings with any of the 21 failed financial firms in the South East and London that it has recently declared in default. These are listed here:
Investment
Chiltern Financial Solutions
C.R. Toogood (Financial Services)
Hyde Gardens
Key Benefits
KMR Financial Management LLP
Lower Church Street (formerly Alchemy Wealth Management)
Private Wealth Management t/a Omni Wealth Management, Ward Mackenzie Wealth Management
R Palmer (Deceased) t/a Rothberg & Co
Virtual Net (Europe) formerly Virtual Net (Europe) plc
General insurance
A2B Homeloans
Carmaz formerly Howper 409 t/a New Southgate Seat
Finchley and Totteridge Car Centre
Millers
Lisles Motor Repairs
NDC INS Services, C/O THE LIQUIDATOR: ELLIOT GREEN
Saab City t/a City, Saab Fulham, Saab Piccadilly (formerly Divenow)
Zodiac Loans
Life and pensions
A Moscow (deceased) t/a Harvey ALLAN
Keith Scott plc
Harris Knights & Co
Sheldon Monk & Company
FSCS is the UK’s statutory compensation scheme for 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. That opens the way for customers of that firm to make a claim for compensation.
The scheme is already paying compensation in respect of the firms. Mark Oakes, head of communications for FSCS, said: “FSCS protects consumers around the UK when authorised financial services firms cease trading. It protects deposits, investments, home finance and insurance, and it’s free for consumers to use.
"Our message to anyone who believes that 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 come to the aid more than 4.5 million people, paying out more than £26 billion in compensation.
To make a claim with FSCS, contact the customer services team on 0800-678-1100 or 020-7741-4100.
