D W Steedman & Co Limited
What this means for you
Because D W Steedman & Co 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
D W Steedman & Co Limited (FRN 116652) was declared in default by the Financial Services Compensation Scheme on 13 March 2007. The firm's product types were not specified in available records, limiting clarity on which financial services it provided to customers. Former clients may be eligible for FSCS compensation, though the applicable limits depend on the specific products involved, with standard protections of £85,000 for deposits, investments, and mortgages, or 90 per cent of losses for insurance claims.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.