Independent Financial Advisory Service
What this means for you
Because Independent Financial Advisory Service 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
Independent Financial Advisory Service, operating under FRN 134873, was declared in default by the Financial Services Compensation Scheme on 9 July 2007. The firm's product type classification was not specified in available records, limiting clarity on the scope of its advisory services. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the specific products involved; however, without documented product categories, the precise compensation ceiling cannot be determined.
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.