Banstead Insurance Services Limited (formerly Banstead Insurance Brokers Limited)
What this means for you
Because Banstead Insurance Services Limited (formerly Banstead Insurance Brokers 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
Banstead Insurance Services Limited, formerly Banstead Insurance Brokers Limited (FRN 118538), was declared in default by the Financial Services Compensation Scheme on 22 October 2004. The firm's specific product offerings cannot be determined from available data, though its name suggests insurance brokerage operations. Eligible customers may be entitled to compensation under FSCS protections, though the applicable limits depend on the precise nature of products held.
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.