Smith Bishop & Morgan Limited
What this means for you
Because Smith Bishop & Morgan 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
Smith Bishop & Morgan Limited (FRN 136721) was declared in default by the Financial Services Compensation Scheme on 9 November 2001. The firm's product types are not specified in available records, limiting clarity on the range of financial services it provided. Former customers may be entitled to FSCS compensation, though specific entitlements depend on the product category involved—typically capped at £85,000 for deposits, investments, and mortgages, or 90% of losses with no cap for insurance.
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.