FSCS in-default register

Binding Morgan Phillips

Declared in default18 September 2002FRN 121761

What this means for you

Because Binding Morgan Phillips 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

Binding Morgan Phillips, registered under FRN 121761, was declared in default by the Financial Services Compensation Scheme on 18 September 2002. The firm's specific product offerings cannot be determined from available records, limiting clarity on the scope of its regulated activities. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the product categories under which they held accounts with the firm.

Products this firm wrote

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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.