FSCS in-default register

Austen Young Insurance Brokers Limited

Declared in default9 September 1998FRN 116421

What this means for you

Because Austen Young Insurance Brokers 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

Austen Young Insurance Brokers Limited (FRN 116421) was declared in default by the Financial Services Compensation Scheme on 9 September 1998. The firm operated as an insurance broker. Eligible customers may be entitled to compensation of up to 90 per cent of their claims with no upper limit under FSCS protection rules for insurance intermediation.

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.