FSCS in-default register

Laser Motor Company Limited

Declared in default28 July 2014FRN 313171

What this means for you

Because Laser Motor 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

Laser Motor Company Limited (FRN 313171) has been declared in default by the Financial Services Compensation Scheme, effective 28 July 2014. The firm's specific regulated product offerings cannot be determined from available data. Former customers may be entitled to FSCS compensation according to the relevant product category limits, though the absence of recorded product types prevents specification of applicable compensation levels.

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.