FSCS in-default register

Practical Financial Management Limited

Declared in default16 February 2005FRN 136207

What this means for you

Because Practical Financial Management 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

Practical Financial Management Limited (FRN 136207) was declared in default by the Financial Services Compensation Scheme on 16 February 2005. The firm's product types were not recorded in available data, preventing specification of the financial services it offered. Former customers of the firm may be eligible for FSCS compensation, though the applicable limit depends on the specific product category involved.

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.