K L M Financial Services Limited
What this means for you
Because K L M 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
K L M Financial Services Limited (FRN 134292) was declared in default by the FSCS on 5 September 2002. The firm's product offerings cannot be determined from available records, limiting specification of the services it provided to customers. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product category involved, with typical protection extending to £85,000 for deposits and investments, or 90% of claim value 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.