FSCS in-default register

Professional Financial Management

Declared in default28 August 2013FRN 229123

What this means for you

Because Professional Financial Management 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

Professional Financial Management (FRN 229123) has been declared in default by the FSCS as of 28 August 2013. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the types of products held; typical protection covers deposits, mortgages, and investments up to £85,000 each, or insurance claims at 90% of losses without a monetary cap.

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.