FSCS in-default register

New Life Sales and Marketing

Declared in default24 July 2001FRN 136056

What this means for you

Because New Life Sales and Marketing 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

New Life Sales and Marketing (FRN 136056) was declared in default by the Financial Services Compensation Scheme on 24 July 2001. The firm's specific product offerings cannot be determined from available records. Eligible former customers may be entitled to FSCS compensation up to £85,000 for deposits and investments, or 90% of claims for insurance products with no upper limit, depending on the nature of their claim.

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.