FSCS in-default register

Paxsted Financial Services Limited

Declared in default4 November 1992FRN 131542

What this means for you

Because Paxsted Financial 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

Paxsted Financial Services Limited, FRN 131542, was declared in default by the Financial Services Compensation Scheme on 4 November 1992. The firm's product offerings cannot be determined from available records. Eligible customers may claim compensation under the FSCS's standard limits, which vary by product type: £85,000 for investments, mortgages, and deposits, or 90% of losses without limit for insurance claims.

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.