RIB Limited ( In Liquidation) formerly Raytel Insurance Brokers Limited
What this means for you
Because RIB Limited ( In Liquidation) formerly Raytel 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
RIB Limited, formerly trading as Raytel Insurance Brokers Limited (FRN 118039), was declared in default by the Financial Services Compensation Scheme on 9 November 2001. The firm's specific product lines are not detailed in available records. Eligible customers may claim compensation under FSCS protections applicable to the firm's regulated activities, though the exact compensation limits depend on the nature of financial products held at the time of default.
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.