FSCS in-default register

Source Financial Limited

Declared in default31 March 2011FRN 223134

What this means for you

Because Source Financial 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

Source Financial Limited (FRN 223134) has been declared in default by the FSCS as of 31 March 2011. The firm's specific product offerings are not recorded in available data. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the type of financial products involved; typical FSCS protection covers deposits, mortgages, and investments up to £85,000 each, and insurance claims at 90% of loss with no upper limit.

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.