Monday, 24 December 2018 09:36

FSCS declares 3 financial firms in default

Rate this item
(1 Vote)

Consumers could be in line for compensation after FSCS declares three firms in default.

The declarations meant FSCS was satisfied the three firms were unable to pay claims for compensation made against them.


The three failed firms in October and November are:

• Standish Mortgage Services Limited t/a Standish Mortgage Services, 1st Floor, 99a High Street, Standish, Wigan, Lancashire, WN6 0HD
• Castle Financial Services (UK) Limited, 13 Wolverhampton Road, Codsall, Wolverhampton, WV8 1PT
• Mortgage Match Limited, 16 Main Road, Gedling, Nottingham, NG4 3HP.

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.” 

Since it began, in 2001, FSCS has compensated 4.5m people, paying out more than £26bn in compensation.


FREE. Get more stories like this daily to your inbox. Unsubscribe at any time. Sign up now.

FINANCIAL PLANNING JOBS - Save 10% with this code 
Reach 12,000+ potential candidates by advertising your vacancy with us. Set up an account and post your job in minutes. Big savings for advertising 2 or more vacancies.
2019 Special Offer: Save money - Use code 'FPJSaver10' on checkout to save. Click here for details: