FSCS in-default register

Binary Independent Financial Advisors Limited

Declared in default6 July 2012FRN 468145

What this means for you

Because Binary Independent Financial Advisors Limited 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

Binary Independent Financial Advisors Limited (FRN 468145) was declared in default by the Financial Services Compensation Scheme on 6 July 2012. The firm's specific product offerings are not recorded in available data. Former customers of the firm may be eligible for FSCS compensation, though the applicable limits depend on the type of financial products they held with the business.

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.