FSCS reveals 28 authorised firms in default

FSCS reveals 28 authorised firms in default


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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