FSCS in-default register

Nigel Richards formerly T/A Richards Financial Services

Declared in default22 June 2006FRN 125881

What this means for you

Because Nigel Richards formerly T/A Richards Financial Services 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

Nigel Richards, formerly trading as Richards Financial Services (FRN 125881), was declared in default by the Financial Services Compensation Scheme on 22 June 2006. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation depending on the types of products held, subject to the applicable limits for each product category.

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.