FSCS in-default register

First Standard Financial Services

Declared in default24 February 2016FRN 304579

What this means for you

Because First Standard Financial Services has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

First Standard Financial Services (FRN 304579) was declared in default by the Financial Services Compensation Scheme on 24 February 2016. The firm's product offerings and scope of regulated activities cannot be determined from available records. Eligible customers may be entitled to FSCS compensation, though specific limits depend on the types of financial products involved in their claims.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.