FSCS in-default register

New World Insurance Services formerly Network Financial Services

Declared in default17 June 1999FRN 137360

What this means for you

Because New World Insurance Services formerly Network Financial Services 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

New World Insurance Services, formerly known as Network Financial Services (FRN 137360), was declared in default by the FSCS on 17 June 1999. The firm's specific product lines are not detailed in available records. Former customers may be entitled to FSCS compensation up to applicable limits depending on the type of financial products they held with the firm at the time of its default.

Products this firm wrote

--

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.