FSCS in-default register

MI Financial Services LLP

Declared in default22 November 2012FRN 228966

What this means for you

Because MI Financial Services 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

MI Financial Services LLP (FRN 228966) was declared in default by the Financial Services Compensation Scheme on 22 November 2012. The firm's product types are not specified in available records, limiting clarity on the scope of services it provided. Former customers may be entitled to FSCS compensation, though the applicable limit depends on the product category involved in their claim.

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.