FSCS in-default register

Paxman Financial Services Limited

Declared in default1 November 1999FRN 144106

What this means for you

Because Paxman 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

Paxman Financial Services Limited (FRN 144106) was declared in default by the Financial Services Compensation Scheme on 1 November 1999. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation depending on the nature of products held, with limits typically ranging from £85,000 for investments, mortgages, and deposits to 90 per cent of claims 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.