Compensation chance for customers

CONSUMERS may be entitled to compensation if they have lost money as a result of their dealings with four failed Yorkshire-based insurance brokers.
By The Newsroom
Published 19th May 2012, 07:00 BST

The Financial Services Compensation Scheme (FSCS) has declared Howson Evans, based in High Street, Boston Spa, Jackson King & Co, of Chevin Mill, Leeds Road, Otley, SRD Financial Management of Bowers Mill, Branch Road, Barkisland, near Halifax, and Tong Park Investments of Parkview Court, St Paul’s Road in Shipley in default.

The FSCS is the UK’s statutory compensation scheme for customers of regulated financial services firms. A declaration of default means the FSCS is satisfied the firms are unable to pay claims for compensation themselves. This paves the way for customers to apply to the FSCS for compensation. The FSCS does not charge consumers for using its service.

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The FSCS Initial Contact Team can be contacted on 0800 678 1100 or 020 7741 4100 or by email at [email protected]. Since 2001, the FSCS has paid out £26bn compensation when financial services firms have gone bust. Further information is available on its website at www.fscs.org.uk

Related topics:Yorkshire