FSCS confirms 13 firms were declared in default in October and November 2024

FSCS has confirmed that the 13 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 if 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 if certain requirements are met. 

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.  

Tina Coates, Chief Communications Officer at FSCS, said:  

“FSCS is here to protect consumers across the UK and help maintain trust in the financial services sector. We support customers from all walks of life.  We are a free and independent service that customers can claim directly with. We work hard to ensure people get the compensation they’re due, while continuously working to improve our service and claims processes.”  

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 Freephone 0800 678 1100 or +44 20 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 October 2024 to 30 November 2024 (13 firms):  

So far, this year (from 01/04/2024) FSCS has declared 36 firms in default, of these firms, the top five in terms of compensation paid out (at the end of November) are: 

We of course continue to pay out on claims relating to previous financial years as well. 

Media enquiries

Email: publicrelations@fscs.org.uk