FSCS confirms six firms were declared in default in August and September 2024

Regular notice that consumers could be in line for compensation

FSCS has confirmed that the six 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.

James Darbyshire, Chief Counsel at FSCS, said:
“We continue to receive claims months or even years after a firm fails. We are reaching out to let people know that compensation may be available if they have suffered losses due to the failure of these six financial services firms. We are a free and independent service, and customers can claim directly from us.”

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 August 2024 to 30 September 2024 (six firms):

So far, this financial year (from 01/04/2024), FSCS has declared 23 firms in default. Of these firms, the top five in terms of compensation paid out (at the end of September) are:

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

Media enquiries
Email: publicrelations@fscs.org.uk