Consumers in the North West of England could be in line for compensation after FSCS declares 4 firms in default
THE Financial Services Compensation Scheme (FSCS) could help consumers in Cheshire and Manchester that have lost money as a result of their dealings with any of the 4 failed financial firms that it has recently declared in default. FSCS is the UK's statutory compensation scheme for customers of regulated financial services firms. A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. That opens the way for customers of that firm to make a claim for compensation. The Scheme is already paying compensation in respect of the firms. Mark Oakes, Head of Communications for FSCS says:- "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 has come to the aid more than 4.5m people, paying out more than £26bn in compensation. If you wish to make a claim with FSCS, contact our Customer Services Team on:- 0800 678 1100 or 020 7741 4100 or by email at:- enquiries@fscs.org.uk. Further information about FSCS is available on its website at:- fscs.org.uk.
