FSCS in-default register

London Scottish Bank plc

Declared in default30 November 2008FRN 204502

What this means for you

Because London Scottish Bank plc 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

London Scottish Bank plc (FRN 204502) was declared in default by the FSCS on 30 November 2008. The firm offered payment protection insurance (PPI) products to customers. Former customers with valid claims against the firm may be entitled to FSCS compensation of up to 90% of their loss with no upper limit.

Products this firm wrote

Ppi Claims

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.