Richards & Co. (Life, Pensions & Investment Coonsultants)
What this means for you
Because Richards & Co. (Life, Pensions & Investment Coonsultants) 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
Richards & Co. (Life, Pensions & Investment Consultants), operating under FRN 125348, has been declared in default by the Financial Services Compensation Scheme as of 9 June 2006. The firm provided financial advisory and intermediary services across life insurance, pensions, and investment products. Former customers may be entitled to FSCS compensation of up to £85,000 for investment losses, subject to the scheme's standard eligibility criteria.
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.