FSCS in-default register

Paradigm Financial Partners LLP

Declared in default12 July 2021FRN 516430

What this means for you

Because Paradigm Financial Partners LLP 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

Paradigm Financial Partners LLP (FRN 516430), a UK-regulated financial services firm specialising in payment protection insurance claims management, was declared in default by the Financial Services Compensation Scheme on 12 July 2021. Eligible customers who held PPI claims with the firm may be entitled to compensation of up to 90% of their claim value with no upper limit. The firm's default triggered the FSCS's statutory obligation to protect eligible claimants' positions.

Products this firm wrote

Ppi Claims

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.