Ocean Money (II) Ltd
What this means for you
Because Ocean Money (II) 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
Ocean Money (II) Ltd, which operated under the trading name Marlborough Loans Ltd (FRN 305798), was declared in default by the Financial Services Compensation Scheme on 28 February 2018. The firm's specific product offerings cannot be determined from available data, limiting clarity on the scope of its financial services operations. Eligible customers may claim compensation through the FSCS, though the applicable limits depend on the product types involved, with standard protections ranging from £85,000 for deposits and investments to 90% of claims 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.