Fernside Financial Services Limited
What this means for you
Because Fernside Financial Services 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
Fernside Financial Services Limited (FRN 131735) was declared in default by the Financial Services Compensation Scheme on 18 November 2008. The firm's regulatory product classification data is not available, preventing specification of its service offerings. Former customers may be eligible for FSCS compensation, though the applicable limit depends on the product type involved; typical protection extends to £85,000 for deposits, investments, and mortgages, or 90% of losses without cap for insurance products.
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.