Needler Financial Services Limited
What this means for you
Because Needler 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
Needler Financial Services Limited (FRN 115165) was declared in default by the Financial Services Compensation Scheme on 20 December 2007. The firm's specific product offerings cannot be determined from available data, limiting clarity on the scope of services provided. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product types involved, with typical protection covering up to £85,000 for investments, mortgages, and deposits, or 90 per cent of claims 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.