R H Richards Associates Limited
What this means for you
Because R H Richards Associates 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
R H Richards Associates Limited (FRN 136001) was declared in default by the FSCS on 26 February 1998. The firm's specific product types are not recorded in available data, limiting clarity on its precise service offerings within the UK regulated financial-services sector. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product category involved—typically £85,000 for investments, mortgages, or deposits, or 90% of losses without cap for insurance products.
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.