FSCS in-default register

LPS Financial Services

Declared in default25 February 2009FRN 145448

What this means for you

Because LPS Financial Services 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

LPS Financial Services (FRN 145448), a UK-regulated financial services firm, was declared in default by the FSCS on 25 February 2009. The firm's specific product offerings cannot be determined from available records. Former customers of LPS Financial Services may be entitled to FSCS compensation, though the applicable limits depend on the product type involved in their claim.

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.