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Consumers can claim compensation of up to £48,000 if they have lost money as a result of their dealings with any one of 34 firms that the Financial Services Compensation Scheme (FSCS) has recently declared in default. FSCS is the UK's statutory compensation scheme for customers of regulated financial services firms and the service is free to consumers.
Declaring a firm in default is the final part of a process in which a firm regulated by the Financial Services Authority, (such as a financial adviser), has been found by FSCS to be unable, or likely to be unable to pay claims against it. This means that customers who have lost money as a result of dealings with one of these firms might be able to make a claim for compensation to FSCS.
FSCS covers investments, deposits, insurance, home finance (from 31 October 2004), and advice about general insurance and the arranging of policies (from 14 January 2005).
The kinds of investment claims FSCS handles usually relate to advice. For example, if somebody has been advised to buy an investment product such as an endowment policy, but it was unsuitable for them and they have lost money as a result of the advice they received.
A list of the 34 firms FSCS has recently declared in default is detailed below.
EAST
J A Fairweather and J J Fairweather (limited partner) t/a JA Fairweather Associates, RUNNYMEDE COTTAGE, BLASFORD HILL, LITTLE WALTHAM, CHELMSFORD, ESSEX, CM3 3PG and P.R. Kingston Limited, KINGSTON HOUSE, MEADOW WAY, HOCKLEY, RAYLEIGH, ESSEX, SS5 4AX.
MIDLANDS
A Singh formerly t/a Kirens Financial Services, 298 ROOKERY ROAD, HANDSWORTH, BIRMINGHAM, WEST MIDLANDS, B20 9QG; Alan Upton (Insurance Brokers) Limited, 1282 LONDON ROAD, ALVASTON, DERBY, DE24 8QP; Ashill, Parrish and Company Limited, ST MARTINS HOUSE, 10 BULL RING, BIRMINGHAM, B5 5EQ; Brady & Rickers Limited, SUITE 3, EAST STREET, BINGHAM, NOTTINGHAMSHIRE, NG13 8DS; D Williams (deceased) t/a Dunwoody Williams (formerly D J Williams Esq), ELIZABETH HOUSE, SUFFOLK STREET, QUEENSWAY, BIRMINGHAM, B1 1LS; J.E. Oakley & Son (Midlands) Limited Formerly J.E. Oakley & Co. (Midlands) Limited, 3 MORETON AVENUE, GREAT BARR, BIRMINGHAM, B43 7QP; Martyn Myatt & Associates, formerly Martyn Myatt & Associates Insurance & Financial Consultants, 173 WOOD LANE, HANDSWORTH WOOD, BIRMINGHAM, B20 2AG; McCarthy Jennings Petrie & Co Limited, 158 WEOLEY CASTLE ROAD, WEOLEY CASTLE, BIRMINGHAM, WEST MIDLANDS, B29 5QL; Pitchford & Jones, 14 ELIZABETH GROVE, DUDLEY, WEST MIDLANDS, DY2 7TG; Planned Assurance Services Limited, 154 NARBOROUGH ROAD, LEICESTER, LE3 0BW; R Ralph t/a Ralph & Bostock Financial Services, FOURTH FLOOR, 3/4 SHOPLATCH, SHREWSBURY, SHROPSHIRE, SY1 1HF and Romaine Noir Limited, 8B CENTRAL, 38 PARADISE STREET, BIRMINGHAM, WEST MIDLANDS, B1 2AF.
NORTH WEST
Campbell - Brown Financial Services Limited, CLAUGHTON HOUSE, 35 BARROW STREET, ST. HELENS, WA10 1RX; M.J. Whelan (Insurance Brokers) Limited, 539 ROYAL EXCHANGE, MANCHESTER, M2 7EN and Wivenhoe Financial & Insurance Services formerly t/a The Wivenhoe (Military) Insurance Brokers, 59 HIGH STREET, WIVENHOE, MANCHESTER, CO7 9LB.
SCOTLAND
Policy Enquiries Ltd formerly West of Scotland Insurance & Mortgage Brokers Limited, 7 HOUSTON STREET, GREENOCK, SCOTLAND, PA16 8DA.
SOUTH EAST (including London)
Alexander Carter (UK) Limited formerly Alexander Carter (Insurance Brokers) Limited, LANCASTER HOUSE, 30 ST. DUNSTANS HILL, SUTTON, SM1 2UD; Goldcrest Capital Limited, Devlin House, 36 St GEORGE STREET, MARYLEBONE, LONDON, W1S 2FW; Greenslade Hay & Co. Limited, 2 BATH PLACE, RIVINGTON STREET, SHOREDITCH, LONDON, EC2A 3JJ; Lakeside Industries Ltd formerly Pentland Insurance Brokers Limited, THE PENTLAND CENTRE, LAKESIDE, SQUIRES LANE, FINCHLEY, LONDON, N3 2QL; M Sims t/a Sims Insurance Services, 2 COLDEAST WAY, SARISBURY GREEN, FAREHAM, SO31 7AT; M W (Pensions & Investments) Limited (formerly M W Insurance Brokers Limited), 8/9 LOVAT LANE, LONDON, EC3R 8DT and T J Silvester Pensions & Investments, 78 STATION ROAD, HAYLING ISLAND, HAMPSHIRE, PO11 0EL.
SOUTH WEST
Berkeley Applegate & Co (Torquay) Limited formerly Berkeley Applegate & Co. Insurance Brokers (Torquay) Limited, SOVEREIGN HOUSE, THE TERRACE, TORQUAY, TQ1 1DE; C Richards t/a Merchant Financial Services, 24 SOUTHERNHAY WEST, EXETER, DEVON, EX1 1PR; Contactrule Limited t/a Sturdy Perryman Associates, 176 CLEVEDON ROAD, TICKENHAM, NAILSEA, NORTH SOMERSET, BS21 6RG; C.T.F. Fagan & Company Limited, 91 CRANE STREET, SALISBURY, WILTSHIRE, SP1 2PU; Derek Charlwood, ESQ, GREENACRE, SILTON, GILLINGHAM, SP8 5DF and Paul Turner Insurance Services, GLENTOR LODGE, 31 GLENTOR ROAD, HARTLEY, PLYMOUTH, PL3 5TP.
WALES
P Buckle t/a PLB Management, GALLTFAENAN LODGE, TREFNANT, DENBIGH, WALES LL16 5AG.
YORKSHIRE & HUMBERSIDE
Ingled PM Limited (formerly IPM Group Limited, Ingledon Park Management Limited and Poyners Limited), 3 VICTORIA COURT, BANK SQUARE, MORLEY, LS27 9SE and MTM Insurance Brokers Limited (formerly t/a The Insurance Centre Formerly Bornedene Limited), KEIGHLEY ROAD, TRAWDEN, NR.COLNE, KEIGHLEY, BB8 8AP.
04 June 2008 © Moneyextra.com
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