Five firms declared in default by FSCS – including insurance consultants

The UK’s statutory compensation scheme, FSCS has today confirmed the following five authorised financial services firms have been declared in default (i.e., have gone out of business and are not believed by the FSCS to be able to meet any claims themselves):

• John Dyer (Life & Pensions) Ltd (FRN 125135), 100 Walter Road, Swansea, SA1 5QE
• Perry Prowse (Insurance Consultants) Ltd (FRN 311916), Hampton House, 23 Longbrook Street, Exeter, EX4 6AB
• Philip Griffin & Associates (FRN 139008), Langburn Bank, Castleton, Whitby, North Yorkshire, YO21 2EU
• SDSC (Midlands) Ltd, formerly t/a SJL Wealth Management Ltd (FRN 496209), Vicarage Corner House, 219 Burton Road, Derby, Derbyshire, DE23 6AE
• Strathkelvin Credit Union Ltd (FRN 213891), 3 Catherine St, Kirkintilloch, Glasgow, G66 1JB

As a result of the above declarations decreed by the FSCS between February 01 and March 31, 2022, the organisation has posted notice that consumers could be in line for compensation. Any customers owed money by any of the five firms can see how they are protected by visiting the FSCS’s website.

In a Press release, the FCSC noted that its protection covers money held in bank, building society and credit union accounts, and also protects insurance, investments, mortgage advice and arranging, and debt management.