FSCS in-default register

Shields Financial Services Limited

Declared in default9 July 2007FRN 126020

What this means for you

Because Shields 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

Shields Financial Services Limited (FRN 126020) was declared in default by the Financial Services Compensation Scheme on 9 July 2007. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation depending on the products they held, with typical limits of £85,000 for deposits and investments, or 90% of claims value without cap for insurance products.

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.