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Consumers urged to claim compensation if hit by failed financial firms

Paloma Kubiak
Written By:
Paloma Kubiak

Eight financial firms, including one mortgage broker, were declared in default by the Financial Services Compensation Scheme (FSCS) last month, clearing the way for consumers to seek compensation.

Indigo Outsourcing Limited, formerly Indigo Mortgage Brokers Limited, based in central London, has gone bust, along with Professional Financial Advisers of Cheltenham, Squirrel PFA Limited in the West Midlands and Principal Marketing and Insurance Services in Surrey.

In Yorkshire, the FSCS also declared Brian Leighton, Pentagon Independent LLP and ICF Group in default, and Fergus Burns formerly t/a The Financial Planning Partnership in Fife.

Alex Kuczynski, chief corporate affairs officer at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust.

“This vital service, which is free to consumers, protects your deposits, investments, home finance and insurance.

“We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.”

Consumers making a claim for compensation can do so online with the FSCS or through the scheme’s customer services team on 0800 678 1100.