FSCS in-default register

W3 Financial Services LLP

Declared in default18 June 2013FRN 447017

What this means for you

Because W3 Financial Services LLP 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

W3 Financial Services LLP (FRN 447017) was declared in default by the Financial Services Compensation Scheme on 18 June 2013. The firm's product classification data is not available, preventing specification of the types of financial services it provided. Former customers may be entitled to FSCS compensation up to £85,000 for deposits or investments, or 90% of losses for insurance products, depending on the products they held.

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.