FSCS in-default register

C Richards t/a Merchant Financial Services

Declared in default20 March 2008FRN 150241

What this means for you

Because C Richards t/a Merchant 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

C Richards, trading as Merchant Financial Services (FRN 150241), was declared in default by the Financial Services Compensation Scheme on 20 March 2008. The firm's specific product offerings are not recorded in available data. Eligible customers of the firm may be entitled to FSCS compensation, though the applicable limits depend on the financial products they held at the time of default.

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.