FSCS in-default register

Wessex Brokers Limited formerly t/a Lerwick Plc

Declared in default26 March 2014FRN 451803

What this means for you

Because Wessex Brokers Limited formerly t/a Lerwick Plc 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

Wessex Brokers Limited, formerly trading as Lerwick Plc (FRN 451803), was declared in default by the Financial Services Compensation Scheme on 26 March 2014. The firm's regulatory product classification data is unavailable, preventing specification of its service offerings. Former customers may be eligible for FSCS compensation, though entitlement levels cannot be determined without confirmation of the product categories involved.

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.