company that failed after 1 April 2018, FSCS may be able to pay you compensation. Specialist Lending Newsletter In total the FSCS declared 35 failed regulated firms in default between 1 August and 31 October 2019. The full list of firms found in default from 1 August to 31 October is: Advanced Vehicle Sales Limited, 5-7 Clarence Road, London N22 8PG The two mortgage advice firms listed were: First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW; Property Finance Solutions (UK) Limited, 18 Farncombe Close, Wivelsfield Green, Haywards Heath, West Sussex, RH17 7RA. Each firm has its own page containing details of its specific circumstances. Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. Before FSCS can pay compensation, it must be satisfied that an authorised financial services firm is not in a financial position to meet claims against it (e.g. Up to 1/3 of UK pensions have been mis-sold. The UK has now entered into a transition period until 31 December 2020, during which EU law will continue to apply. You can change your browser settings to disable cookies at any time but if you do so, parts of the FSCS site may not function properly. Outlook is FSCS’s industry newsletter, containing our latest news and levy updates. The Scheme is established under the Financial Services and Markets Act 2000, as amended (FSMA), and is administered by the Financial Services Compensation Scheme Ltd as the scheme manager (FSCS). Taz Motorcycles Limited, 93 Queen Street, Sheffield, South Yorkshire, S1 1WF, Colmore Cars (2000) Limited t/a Colmore 2000, 1163 Chester Road, Erdington, Birmingham, West Midlands, B24 0QY, N-Hanced LLP, 3 Carlton Court, Fifth Avenue, Team Valley, Gateshead, Tyne and Wear, NE11 0AZ, AETC Associates Limited, 106 Main Street, Wilsden, Bradford, BD15 0AB, Bellfield Financial Services Limited, formerly Kirkintilloch Insurance Services Limited, 23 Moncrieffe Avenue, Lenzie, Glasgow, G66 4NL, St Martin’s Partners LPP formerly CUOX LLP, Carter Clark Recovery House, 15-17 Roebuck Road, Hainault Business Park, Ilford, Essex, IG6 3TU 'I have been proud to serve as Chair of FSCS over the last six years, during which time we have paid over £1.8bn in compensation to customers who have lost out and recovered £13.2bn from the estates of failed firms including those who failed during the financial crisis and subsequently. The Financial Conduct Authority is raising the limit for Financial Services Compensation Scheme (FSCS) payouts from £50,000 to £85,000. This website uses cookies. This website uses cookies. Three insurance firms have been included on an FSCS list of companies declared in default between 1 February and 30 April this year. The trade body is also calling for the FCA and FSCS to “increase efforts to recover funds from firms or schemes that have failed and ensure they take action in all cases that could reduce a potential levy payment for firms in the same class”. By using the FSCS website, you consent to the use of cookies in accordance with our cookie policy. The Financial Services Compensation Scheme (FSCS) declared 12 failed regulated firms in default during March 2020. The signature of the delegate/visitor or his/her duly authorised agent on the registration form shall signify the delegate/visitor's acceptance of the above conditions and the same shall bind both parties to this contract. Find out more about each firm and see if you can claim up to £85k in compensation with FSCS. By using the FSCS website, you consent to the use of cookies in accordance with our cookie policy. Strathearn Insurance Services Limited t/a Strathearn Insurance, Suite 92, 100 Westminister Bridge Road, London, SE1 7XB, East Sussex Motor Centre, London Road, Uckfield, East Sussex, TN22 2EA 01756 860002. The Financial Services Compensation Scheme (FSCS) has recovered nearly £300 million over the past five years from failed financial services firms, reducing costs for levy payers. How many of the three main protection policies most commonly used, term life assurance, critical illness (CI) and income protection (IP) do you personally have? Register to gain access to MortgageSolutions.co.uk for the latest news analysis, interactive comment, industry video and features, all at your finger tips. Registered as a Limited Company in England and Wales No 3943048. Hampshire-based Choices Insurance Limited, Essex-based British Insurance Limited, and Greg Smith Financial & Insurance Services, based in Lancashire, all featured on a list of 21 failed firms. Financial Provision Solutions Limited formerly PSTG Solutions Limited, Belgrave Place, 8 Manchester Road, Bury, Lancashire, BL9 0ED First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW, Ormskirk Motors Limited t/a Ormskirk Vauxhall t/a Planet Finance, 20 Winmarleigh Street, Warrington, Cheshire, WA1 1JY, Jacksons Cars Limited, Deloitte LLP, 5 Callaghan Square, South Glamorgan, Cardiff, CF10 5BT These firms include NFS Mortgages Limited of Hawthorne Road in Merseyside and London Capital & Finance plc in Moorgate. Cars Ltd t/a Hounslow Discount Cars, Sequant Capital Ltd formerly Central Markets (London) Ltd, Shiremoor and District Credit Union Limited, Solent Credit Union Ltd t/a Solent Community Bank, Square Seven Financial Planning LLP, trading as Square Seven, Stargate Capital Management Ltd, formerly Classic Fund Management Ltd trading as Wealth Fortress DFM, Stephen Davies (Haverfordwest) Ltd, trading as Imperial Garages, Imperial Leisure, Imperial Marine, Stephen Dockerty, formerly trading as Activate Financial Management, Synergie Financial Planning Ltd, trading as Future Financial, Tenebris Realisations Ltd (formerly Seymour Pierce Ltd), The Atherstone Garage & Electrical Company Ltd, The Carlton Garage (Preston) Ltd, trading as Ainsdale Finance and Leasing, The Property Package, trading as AA Mortgages, Thompson Motor Co Ltd t/a Browning Suzuki, Totus Capital Ltd formerly STG Financial Services Ltd t/a Totus Wealth Matters, Town & City (Financial Services) Ltd, formerly Town & City Brokers Ltd, Turnpike Motors Ltd, formerly Motor Range Ltd, UK Car Group Ltd formerly Carcraft Group Ltd, Vans R Us (Southern) Ltd t/a Complete Commercial, Vima Insurance Services Ltd, formerly Vima (Insurance Brokers) Ltd, Walker Woodhead Financial Planning Ltd, formerly Walker Financial Planning Ltd, Wealth Rapport Ltd formerly Moores Waren Ltd, Well Alley Ltd, formerly Blue Finance Ltd/CV Revolution Ltd/Speed 8196 Ltd), Westbury Capital Partners Ltd t/a The Insurance Business t/a WestCap, Wheelpower Bike Centre Ltd t/a Aprilia Wheel-Power, White House Independent Financial Services Ltd, Wilmslow Financial Services plc formerly Freedom Finance plc, Freedom Finance Ltd, WJR Wealth Management Ltd, formerly Walker Johnston Robinson Ltd, Wood Associates Independent Financial Services. FSCS names eight failed advice firms By Will Grahame-Clarke , 15 Jun 18 Clients of eight failed advice firms can get their money back after the UK compensation scheme added them to its list of firms … Valiant Financial Consultants Limited, Valiant House, 12 Knoll Rise, Orpington, Kent BR6 0PG FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. But your debt management claim must meet all of the following criteria: • The firm must have failed on or after 1 April 2018. • The firm must be authorised by the Financial Conduct Authority (FCA) and hold client money. Claims can be made using the FSCS’s online claims service at https://claims.fscs.org.uk/, by calling 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk. 16 December 2020. PIMFA calls for FCA fines to contribute to FSCS until long term solution to the levy is agreed. Please enter your email address and we will email you a link where you can change your password. The Scheme announces these declarations regularly, in order to let consumers know they could get back money they have lost … This is compared to the £473 million the scheme paid out in compensation to 425,760 applicants in the previous year. This amount compares with the £405 million FSCS paid in compensation in the previous year. FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. The Financial Services Compensation Scheme provides protection for customers of failed financial services firms. The two mortgage advice firms listed were: First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW; Use the FSCS protection checker to check your money is protected. FSCS chief executive Caroline Rainbird said: “FSCS’s role is to help people who have lost money as a result of doing business with an authorised firm if that firm is unable to meet claims made against it. See a list of firms that FSCS has declared have failed, that are under investigation, or simply have had a claim filed against them. AE3 Media will not be liable for damage, loss, injury, accident, annoyance, delay or irregularity, which occurs by reason of any act or default committed by any person or company. Rex Judd Limited, 415 Burnt Oak Broadway, Edgware, Middlesex HA8 5AH Suitably qualified replacements may be sent if you are unable to attend; however, the organisers must approve them before the event takes place. Property Finance Solutions (UK) Limited, 18 Farncombe Close, Wivelsfield Green, Haywards Heath, West Sussex, RH17 7RA The Financial Services Compensation Scheme (FSCS) protects you when financial firms fail. The FSCS can cover eligible individuals (and some businesses) that are, or were, customers of an authorised financial services firm that has been declared ‘in default’. The FSCS says it has opened the doors to claims but will await the outcome of a number of High Court cases against Guinness Mahon Trust … Ron Treherne IFA Limited, 15 Lon Werdd, South Glamorgan, Cardiff, CF5 4SS, A Millward & E Millward t/a City Gate Consultants, 85 Claremont Street, Lanarkshire, Glasgow, G3 7HU. Poll: Did you manage to take a summer holiday? You have successfully registered for Premium access, please check your email for your temporary password. FSCS chief executive Caroline Rainbird said: "Because these firms are unable to pay back the money they owe their customers, FSCS can step in and pay them compensation. All the latest news, analysis and insight from the mainstream residential lending market. In total the FSCS declared 35 failed regulated firms in default between 1 August and 31 October 2019. The Financial Services Compensation Scheme (FSCS) has revealed that it paid a total of £527 million in compensation to 258,119 customers of failed firms during 2019/20 fiscal year. Name. All cancellations must be received in writing. The levy is paid by regulated firms including financial advisers. The UK Financial Services Compensation Scheme (FSCS) has earlier today published its 2018/19 Annual Report, with the document showing the Scheme paid a total of £473 million in compensation to 425,760 customers of failed firms during 2018/19. 1 The Financial Services Compensation Scheme (the Scheme) exists to provide protection for eligible customers of failed financial services firms. Let’s recall that, FSCS declared 12 firms in default in March, and further 12 firms in default in April 2020. Assist.Claims. © AE3 Media Ltd, Floor 7, Lincoln House, 296 - 302 High Holborn, London WC1V 7JH, Company registration number 8938488. Haxby’s of Plymouth Limited, 22-24 Valley Road, Plymouth, Devon, PL7 1RF, Blackstone Independent Financial Advisers Limited, 22b Station Road, Cheadle Hulme, Cheshire, SK8 7AB FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. If you would like to know more about our privacy policy, please follow this link https://www.mortgagesolutions.co.uk/privacy-policy/. Click the button and you'll be able to add your accounts (bank, building society or credit union) to check how much of your money is protected. You will be given an identification badge, which must be shown upon request. There is much more to Mortgage Solutions…, For just two more minutes of your time, you can register for premium access. Including industry news, adviser business strategy tips and market commentary. In response to changes to European data regulation known as GDPR, the FSCS privacy notice has been updated. Please tell us how we can improve this answer, Small business, limited companies, charities, R W Harris Ltd t/a Roger Harris and Company/Greystone Wealth Management, 1 Stop Financial Services and Fast Pensions, A Luckhurst & N Shaw, trading as BBT Financial Services, Abrams Ashton & Co (Financial Services) Ltd, Agincourt Financial Ltd, trading as Alecto Financial Ltd, AGRPA Ltd, formerly Reid Scott & Ross Ltd, Alan Hall, George Rainey and Robert Rhoades, formerly trading as ATA Financial Services, Alliance Independent Financial Advisers Ltd, Anthony William Morrin, formerly AWM Financial Services, ARLWM Ltd, trading as Montgomery Financial Consultants, Ashdale Independent Financial Services Ltd, Asset Independent Financial Advisors Ltd t/a Asset IFA, Asset Independent Mortgages, Home Estate, Box Insurance Services and Newton General Insurance Services, British Insurance Ltd, formerly Burgesses Ltd, Broadstreet IFA Ltd, formerly David R.Greening & Co Ltd, Burgess Williams Financial Management Ltd, C3 Financial Services Ltd, formerly Foyle & Lagan Ltd, Cain Lambert Ltd, previously PAR Capital Mortgages Ltd, Cambridge Insurance Consultants formerly Cambridge Insurance Consultants Life & Pensions, Cannonbridge Corporation Ltd, formerly Cannon Bridge Clearing Ltd, CC Bikes Realisations Ltd, formerly Colin Collins Ltd, Choices Insurance Ltd, formerly Choices Insurance Marketing Ltd, City One Securities Ltd, formerly Europacific Corporate Finance Ltd, Holmes & Company Ltd, Clifton Financial Management Ltd, formerly Kellands (Glasgow) Ltd, Concept Automotive Services Ltd trading as Carland, Connected Financial Services Ltd, trading as Otium Finance & Rothgen Capital, County Motors (Carlisle) Ltd t/a Eden Commercial Services/Express Factors, Courtover Investment Management Ltd, trading as City Private Clients, Croft An Rie 2013 Ltd formerly Graeme P Chatham Ltd, CSM Weston Ltd, trading as Uphill Motor Company, D & R Stern Ltd, trading as Robert Stern BMW, Davenport Curo Ltd, formerly Fisher Financial plc, Demontfort Professional Wealth Management LLP, Dexia PAM Ltd, formerly Pembroke Asset Management Ltd trading as Day Hartley & Pembroke Ltd, DNG Financial Solutions Ltd, trading as Succession Group, Dolphin Pension Property Ltd, formerly Dolphin Financial Solutions Ltd, Dormant 2017 Ltd, formerly Spectrum Financial Services Ltd, E Brammah, trading as Brammah Insurance Consultants, East London Credit Union Limited t/a Waltham Forest Community Credit Union, Economic Financial Solutions IFA Ltd t/a Torch Wealth Management, JAG Protection, Erdington Motors Company Ltd, formerly www.guaranteed-car-finance.co.uk Ltd, Fastmoney.co.uk Ltd, formerly Castlebank Finance Ltd, Fergus Burns formerly The Financial Planning Partnership, Fiducia Wealth Solutions Ltd, formerly Regen Investments Ltd, Financial Solutions Midhurst Ltd trading as AMPF and FSML Wealth, Financial Solutions Today LLP, formerly McNamara & Garwolinski, trading as Financial Solutions LLP, Finansec Ltd formerly Finsure Ltd, trading as Finansec Green, Finansec Mortgages, Sportsec, Foley Financial Services Ltd, formerly Foley Financial Ltd, Formation Asset Management Ltd, formerly Kingsbridge Asset Management Ltd, Geco Ltd, formerly SR Financial Management Ltd, GPC SIPP Ltd, formerly Guardian Pension Consultants Ltd, Greater Milton and Possilpark Credit Union Ltd, Greg Smith Financial & Insurance Services, Grosvenor Butterworth (Financial Services) Ltd, Halebarns Financial Planning Ltd, formerly Kidd & Co (IFA) Ltd, Hamilton Locke (Subsidiary) Ltd formerly Hamilton Locke & Co Ltd, Hayden Williams Independent Financial Services Ltd formerly Assura Protect, Heraldend Ltd, formerly Barker Poland Financial Management Ltd, Hertford I.S. 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