Michael J Alexander Life, Pensions & Investment Advisers Ltd
What this means for you
Because Michael J Alexander Life, Pensions & Investment Advisers 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
Michael J Alexander Life, Pensions & Investment Advisers Ltd (FRN 140062) was declared in default by the Financial Services Compensation Scheme on 24 July 2001. The firm provided financial advisory services across life insurance, pensions, and investment products. Eligible customers may be entitled to compensation of up to £85,000 for investment losses, subject to FSCS eligibility criteria and the specific products held at the time of the firm's failure.
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.