Alliance Advisory Service
What this means for you
Because Alliance Advisory Service 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
Alliance Advisory Service (FRN 125123) has been declared in default by the Financial Services Compensation Scheme as of 19 January 2016. The firm's product types were not specified in available records, preventing determination of the compensation categories applicable to affected customers. Former clients should contact the FSCS directly to establish their eligibility for compensation, which typically ranges from £85,000 for deposits, investments, and mortgages to 90% of losses without limit for insurance products, depending on the services the firm provided.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.