FSCS in-default register

Morestead Financial Services Limited

Declared in default15 March 2006FRN 126078

What this means for you

Because Morestead Financial Services 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

Morestead Financial Services Limited (FRN 126078) was declared in default by the Financial Services Compensation Scheme on 15 March 2006. The firm's specific product offerings cannot be determined from available data. Eligible customers may be entitled to FSCS compensation subject to the scheme's standard limits, which vary by product type: £85,000 for deposits, investments, and mortgages, or 90% of claim value for insurance without a monetary cap.

Products this firm wrote

--

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.