FSCS in-default register

Magenta Financial Services Limited

Declared in default16 October 1996FRN 148925

What this means for you

Because Magenta 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

Magenta Financial Services Limited (FRN 148925) was declared in default by the Financial Services Compensation Scheme on 16 October 1996. The firm's specific product offerings are not recorded in available data. Eligible customers may claim compensation under FSCS terms applicable at the time of the firm's default, subject to the relevant product category limits.

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.