FSCS in-default register

Paynes Insurance & Pension Services Limited

Declared in default2 June 2006FRN 118702

What this means for you

Because Paynes Insurance & Pension Services 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

Paynes Insurance & Pension Services Limited (FRN 118702) was declared in default by the Financial Services Compensation Scheme on 2 June 2006. The firm provided insurance and pension services to UK consumers. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 for insurance-related claims, subject to the applicable scheme limits.

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.