FSCS in-default register

Neil Monk trading as WMC Financial

Declared in default27 January 2004FRN 144984

What this means for you

Because Neil Monk trading as WMC Financial 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

Neil Monk, trading as WMC Financial (FRN 144984), was declared in default by the FSCS on 27 January 2004. The firm's product offerings are not specified in available records. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the types of financial products involved, with standard protection extending to £85,000 for investments and mortgages, or 90% of losses without limit for insurance products.

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.