UK FSCS Confirms 11 Firms in Default from 1 April to 31 May 2022

The Financial Services Compensation Scheme (FSCS), the UK's statutory Deposit insurance and investors compensation scheme, has declared 11 firms in default from 1 April to 31 May 2022, which is much more than the figure of the prior two months.

According to the institution, people who have dealt with any of the 11 firms and believe they are owed money as a result, can now make a claim to the FSCS.

In addition, the regulator added that from 29 July 2022, funeral plans from FCA-authorised providers will also be eligible for FSCS protection.

Debbie Stimpson, Chief of Staff at FSCS, said:"With rising costs being seen everywhere it is more important than ever that people are supported to get back on track if they lose money when a financial firm fails. We know that it can be stressful for customers when a firm that owes them money stops trading and our experienced claims team are here to help during these difficult times. We encourage people to claim directly with FSCS via our website where they can access our easy-to-use claims service for free."

The 11 firms confirmed to be in default after FSCS' investigations include the following:

• ​A to Z Mortgages Limited t/a Dunure Asset Management (FRN 227542), 6 Bowmore Crescent, East Kilbride, Glasgow, South Lanarkshire, G74 5DD.

• ​Briggs Murray Financial Planning & Wealth Management Ltd t/a Briggs Murray Wealth (FRN 773229), Southgate Business Centre, 32 Gillygate, Pontefract, West Yorkshire, England, WF8 1PQ.

• ​City of Plymouth Credit Union Ltd (FRN 213937), 14 Cumberland Street, Devonport, Plymouth, Devon, PL1 4DX.

• ​Integrity IFA Limited t/a Dewar and Partners, Scottish Landlords Insurance, Wood and Ker (FRN 514600), 25 Morton Street Edinburgh EH15 2HN.

• ​Juno Moneta Capital Management Limited formerly Corcillum Limited t/a Morgan Peterson, BL Financial (FRN 753184), Suite G2 Montpellier House, Montpellier Drive, Cheltenham, GL50 1TY.

• ​Keywood Olley & Associates Limited t/a North East Mortgages, EMH Financial Planning (FRN 401067), Winster House 177a Bradford Road, Bingley, West Yorkshire, BD16 1AH. 

• ​North East Warrington Credit Union Ltd (FRN 213530), Telfer House, 2 Cinnamon Lane, Fearnhead, Warrington, WA2 0BD.

• ​Rainbow Saver Anglia Credit Union Ltd (FRN 213617), 229 London Road South, Lowestoft, Suffolk, NR33 0DS

• ​Rajan Business Centre Limited (FRN 671365), 22 Chapel Road, Ilford, Essex, United Kingdom, IG1 2AG.

• ​Westbury Private Clients LLP (FRN 595603), 1st Floor, 4 Staple Inn Holborn London WC1V 7QH.

• ​Whitebridge Financial Planning Limited (FRN 610304), 9 Sinderby Close Whitebridge Park Newcastle upon Tyne, Tyne and Wear NE3 5JB.