FSCS in-default register

KML Financial Services

Declared in default30 August 2017FRN 189013

What this means for you

Because KML 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

KML Financial Services (FRN 189013) has been declared in default by the FSCS as of 30 August 2017. The firm's specific product offerings cannot be determined from available data. Eligible customers may be entitled to FSCS compensation, though the applicable limits depend on the financial products involved; compensation typically covers deposits, investments, mortgages and insurance up to specified thresholds.

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.