Compensation coming for clients of 11 pensions and advice firms
Compensation pay outs to clients of 11 firms dealing with pensions and investments are on the horizon after the FSCS declared a batch of businesses were in default.
When a business is termed as being in default it signals that the FSCS has been satisfied that it is unable to pay claims for compensation made against it. This opens the way for customers of that firm to make a claim for compensation.
In total 24 firms have been listed in default, with many coming from the general insurance sector.
Mark Oakes, head of communications at FSCS, said: “FSCS protects consumers around the UK when authorised financial services firms cease trading. It protects your deposits, investments, home finance and insurance, and it’s free for consumers to use. Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch, as we may be able to help you.”
Since its inception, FSCS said it has helped over 4.5m people, paying out more than £26bn in compensation.
The full list of firms in default is as follows:
East
General Insurance
Reynolds Motor Company, Unit B/A, Dovers Corner Industrial Estate, New Road, Rainham, Essex Rm13 8qt
Investments
George Clapinski T/A Medical Assurance Bureau (East Anglia), 7d High Street, Fenstanton Huntingdon, Cambridgeshire
Midlands
General Insurance
Catchacar.Com Limited, 1-2 North End, Swineshead, Boston, Lincolnshire
Ivy Bush Securities Limited, 22 Pemberton Street, Birmingham
Investments
Wealth Management Tax Matters Limited, Trinity House, 223 London Road, Worcester Wr5 2jg
North East
General Insurance
Crown Financial Solutions, 4 Adelaide Street, Bishop Auckland, County Durham
Dl14 7bd
Haws & Barkers (Kia) Limited, Barkers Of Oakwood, Low Street, South Milford, Leeds, West Yorkshire Ls25 5as
Home Finance
Boothferry Consultants Limited Formerly Townends Financial Consultants Limited, 6 Carlisle Street, Goole, North Humberside Dn14 5du
Investments
Remnart Agencies Limited Formerly Capital & Investment Brokers Limited, Marlborough House, 99 Princes Avenue, Hull, North Humberside Hu5 3qp
Life And Pensions
Mortgage Zone Financial Services Limited, 26-28 Main Street, Mexborough, South Yorkshire S64 9dw
The Pensions Office Limited, Birch Lea, Hollow Meadows, Sheffield, South Yorkshire S6 6gh
North West
General Insurance
Bbh Shelter Limited, Suite 6 Marwood Building, Riverside Park,
Bromborough, Wirral Ch62 3qx
Brh Financial Services, 269 Helmshore Road, Haslingden, Rossendale, Lancashire Bb4 4dj
Home Finance
Jch Insurance Brokers Limited, 8 Upton Road, Claughton, Wirral, Merseyside
Triangle Mortgage Solutions Limited, Red Hill House, Hope Street, Chester, Cheshire
Scotland
Home Finance
Dick Hands Limited, Unit Gf5, Old Mill, Brown Street, Dundee Dd1 5ed South East
Fil No 4 Limited (Formerly Fuel Investments Limited, Fuel Investments Group Limited), Eve House, Adams Walk, Eden Street, Kingston Upon Thames, Surrey Kt1 1df
Investments
Wilkins Kennedy Financial Solutions Limited Formerly Chartered Investments Limited, Gladstone House, 77-79 High Street, Egham, Surrey Tw20 9hy
Life And Pensions
C.I.B (Life & Pensions) Limited, 3rd Floor, Beta House, Laser Quay, Culpeper Close, Rochester
Sba Financial Limited, Michelmersh Barn, St Clair's Farm, Wickham Road, Droxford, Hampshire
South West
General Insurance
V & J Superbikes Limited, 43-45 East Reach, Taunton, Somerset Ta1 3es
Investments
Russell Nash Consultants Limited, 1st Floor Consultants, 4 Baring Crescent, Exeter, Devon Ex1 1tl
Life And Pensions
Hfss Limited Formerly Heliting Financial Services Limited, 15 Christchurch Road, Bournemouth, Dorset Bh1 3lb
Wales Life And Pensions G.M Jones L.P Limited, Pippin House, 2 Pippin Lane, Rossett, Wrexham Ll12 0bj