FSCS in-default register

Shields Financial Services Ltd

Declared in default19 January 2016FRN 485392

What this means for you

Because Shields Financial Services Ltd 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

Shields Financial Services Ltd (FRN 485392) was declared in default by the Financial Services Compensation Scheme on 19 January 2016. The firm's primary product types are not specified in available records. Eligible claimants may be entitled to FSCS compensation of up to £85,000 for deposits and mortgages, or 90% of losses for insurance products, depending on the nature of their claim.

Products this firm wrote

--

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.