FSCS in-default register

Morgan Finance

Declared in default19 June 2020FRN 144883

What this means for you

Because Morgan Finance 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

Morgan Finance, registered under FRN 144883, has been declared in default by the Financial Services Compensation Scheme as of 19 June 2020. The firm provided endowment insurance products to retail customers. Eligible customers with claims against the firm may be entitled to FSCS compensation of up to 90% of their claim with no upper limit.

Products this firm wrote

Endowments

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.