FSCS in-default register

Picture Financial Services plc

Declared in default8 July 2009FRN 311825

What this means for you

Because Picture Financial Services plc 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

Picture Financial Services plc (FRN 311825) has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 8 July 2009. The firm provided payment protection insurance (PPI) claims services to customers. Eligible claimants may be entitled to compensation of up to 90% of their loss with no upper limit under FSCS protection.

Products this firm wrote

Ppi Claims

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.