The Financial Services Compensation Scheme has confirmed that 11 finance firms ran into default over April and May, meaning they have gone out of business and are unable to meet their claims.
Customers who are owed money by the firms detailed below see should what full protection the FSCS offers on its website.
The independent body covers money held in bank, building society and credit union accounts. It also protects insurance, investments, mortgage advice and arranging, and debt management plans.
The firms that failed over the period are:
A to Z Mortgages Limited, trading as Dunure Asset Management
Briggs Murray Financial Planning & Wealth Management Ltd, trading as Briggs Murray Wealth
City of Plymouth Credit Union Ltd
Integrity IFA Limited, trading as Dewar and Partners, Scottish Landlords Insurance, Wood and Ker
Juno Moneta Capital Management Limited, formerly Corcillum Limited, trading as Morgan Peterson, BL Financial
Keywood Olley & Associates Limited, trading as North East Mortgages, EMH Financial Planning
North East Warrington Credit Union Ltd
Rainbow Saver Anglia Credit Union Ltd
Rajan Business Centre Limited
Westbury Private Clients LLP
Whitebridge Financial Planning Limited
Financial Services Compensation Scheme chief of staff Debbie Stimpson says: “With rising costs being seen everywhere it is more important than ever that people are supported to get back on track if they lose money when a financial firm fails.
“We know that it can be stressful for customers when a firm that owes them money stops trading and our experienced claims team are here to help during these difficult times.
“We encourage people to claim directly with FSCS via our website where they can access our easy-to-use claims service for free.
“FSCS has supported more than 6.5m customers to claim compensation since we were established in 2001 and our recent report, ‘The balancing act of compensation’, presents some unique data and insight to contribute to a future compensation framework that balances affordable costs for the industry with appropriate compensation for consumers.”
