28 authorised firms have been declared in default in 2009, according to the Financial Services Compensation Scheme (FSCS).
Being declared in default marks the final stage of the process in which a company regulated by the FSA is considered unable to pay claims against it. The FSCS then steps in to compensate investors who may have lost money, with maximum claims reaching £48,000.
Consumers who may have been left out of pocket have been written to by the FSCS, urging them to contact them to see if they are eligible for compensation.
Director of claims at the FSCS, Jonathan Clark says: “It is important that we let customers of the 28 firms know that we may be able to help if they have lost money and the firm cannot pay.”
The firms listed in default are:
Matrix Financial Planning Limited
R A Peck Insurance Services
Rose & Partners
Unit Insurance Brokers Limited
DFS (2006) Limited Formerly Derbyshire Financial Services Limited
Heritage Financial Management Limited
Calland Insurance & Mortgage Services
Professional Independent Financial Solutions Limited
Kitchens 2 Go Limited
Fylde Investment Life & Pensions Limited
Healey Starr Financial Services
N.I.S Life Limited
Logan Grant
Alpine Financial Services Limited
Pacific Continental Securities (UK) Limited
Pacific Continental Securities Corporation
Square Mile Securities Limited
Mr T Dyer t/a Dyer & Collier
Thomas & Company Financial Services Limited
W.J. Emson & Co (Life & Pension Consultants) Limited
B Griston t/a G.L.R. Financial Consultants
Kilminster Financial Management Limited (formerly Kilminster Life Management Limited)
Alan Wynne Financial Services
Derek Eastwood (Insurance Brokers) Limited
LPS Financial Services
Morgan Money Management Limited
Sheffield Mortgage Company Ltd, Enterprise House
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