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):
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.
