Soames & Co Financial Management Limited
What this means for you
Because Soames & Co Financial Management 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
Soames & Co Financial Management Limited (FRN 114573) was declared in default by the Financial Services Compensation Scheme on 6 May 1992. The firm's specific product offerings are not detailed in available records. Customers who held eligible investments, mortgages, deposits, or insurance policies with the firm at the time of default may be entitled to FSCS compensation up to £85,000 for investments, mortgages, or deposits, or 90 per cent of the claim value for insurance products.
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.