FSCS in-default register

R Stead (deceased) t/a R Stead Insurance Broker

Declared in default11 June 2010FRN 143082

What this means for you

Because R Stead (deceased) t/a R Stead Insurance Broker 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

R Stead (deceased) trading as R Stead Insurance Broker, FRN 143082, was declared in default by the Financial Services Compensation Scheme on 11 June 2010. The firm provided insurance broking services to customers. Former customers may be eligible for FSCS compensation of up to 90% of their claim with no upper limit for insurance products.

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.