FSCS in-default register

The Square Mile Limited

Declared in default6 January 2012FRN 181982

What this means for you

Because The Square Mile 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

The Square Mile Limited (FRN 181982) has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 6 January 2012. The firm's specific product offerings cannot be determined from available records. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the type of financial product involved: £85,000 for investments, mortgages, or deposits, or 90% of loss with no upper limit for insurance products.

Products this firm wrote

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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.