FSCS in-default register

R Powell ta R & B Powell Insurance Services

Declared in default31 October 2007FRN 152545

What this means for you

Because R Powell ta R & B Powell Insurance 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

R Powell, trading as R & B Powell Insurance Services (FRN 152545), has been declared in default by the Financial Services Compensation Scheme as of 31 October 2007. The firm provided insurance services to customers. Former policyholders may be entitled to FSCS compensation of up to 90% of their claim with no upper limit, depending on the type of insurance products held.

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.