FSCS confirms eight firms were declared in default in June and July 2024

Regular notice that consumers could be in line for compensation

FSCS has confirmed that the eight firms below were declared in default in the last two months – which means they have gone out of business and are unable to meet any claims themselves.

Customers who may be owed money by these firms can see how they’re protected by visiting the FSCS website at www.fscs.org.uk/what-we-cover.

If a regulated financial firm is no longer trading and cannot pay a customer’s claim, FSCS can step in to pay compensation.

We’re independent and our service is free to customers. Our protection covers money held in bank, building society and credit union accounts. FSCS also protects pensions, financial advice, insurance, investments, mortgage advice and arranging, debt management and funeral plans.

Jonathan Pallant, Head of Stakeholder and Public Affairs at FSCS, said: “We know it can be incredibly stressful losing money when a financial firm fails. That is why we are reaching out to let customers know that they may be eligible for compensation if they have lost money with any of the eight UK-regulated financial services firms that failed in June and July 2024. FSCS is a free and independent claims service, and our claims handlers are ready to assist you.”

Visit https://claims.fscs.org.uk if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk.

For the latest FSCS news and information visit www.fscs.org.uk or follow @FSCS on X (Twitter).

Defaults declared by FSCS from 1 June 2024 to 31 July 2024 (eight firms)

Media enquiries
Email: publicrelations@fscs.org.uk