FSCS in-default register

MJC Financial and Insurance Services

Declared in default13 May 2011FRN 137331

What this means for you

Because MJC Financial and Insurance Services 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

MJC Financial and Insurance Services (FRN 137331) was declared in default by the Financial Services Compensation Scheme on 13 May 2011. The firm's product types were not specified in available records. Former customers of the firm may be entitled to FSCS compensation, though the specific limits depend on the products held, with standard protection of up to £85,000 for deposits and investments, and 90 percent of losses for insurance products with no 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.