Nicholas Donaldson and Company
What this means for you
Because Nicholas Donaldson and Company 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
Nicholas Donaldson and Company (FRN 149622), a UK regulated financial-services firm, was declared in default by the Financial Services Compensation Scheme on 30 September 1998. The firm's product offerings cannot be determined from available records, limiting specification of the compensation framework applicable to former customers. Eligible claimants may be entitled to FSCS protection up to £85,000 for investments, mortgages, or deposits, or 90% of losses for insurance products, depending on the services the firm provided.
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.