Direct Independent Advice Limited formerly Conrad Statham Financial Services Ltd & Conrad James Ltd
What this means for you
Because Direct Independent Advice Limited formerly Conrad Statham Financial Services Ltd & Conrad James Ltd 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
Direct Independent Advice Limited, formerly operating as Conrad Statham Financial Services Ltd and Conrad James Ltd (FRN 114693), was declared in default by the Financial Services Compensation Scheme on 28 February 2007. The firm's specific product offerings cannot be determined from available data, limiting clarity on the nature of its regulated activities. Eligible claimants may be entitled to FSCS compensation, though the applicable limit depends on the product type involved in their claim.
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.