Foster Woods & Company Limited
What this means for you
Because Foster Woods & Company Limited 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
Foster Woods & Company Limited (FRN 116849) was declared in default by the Financial Services Compensation Scheme on 15 December 2009. The firm's product types were not specified in available records, limiting clarity on the exact scope of its regulated activities. Eligible customers of the firm may be entitled to FSCS compensation up to £85,000 for deposits or investments, or up to 90 per cent of claims for insurance products, depending on the nature of their holdings at the time of default.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.