FSCS in-default register

John Rae & Company (Insurance Brokers) Limited

Declared in default31 October 2007FRN 125893

What this means for you

Because John Rae & Company (Insurance Brokers) 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

John Rae & Company (Insurance Brokers) Limited (FRN 125893) was declared in default by the Financial Services Compensation Scheme on 31 October 2007. The firm operated as an insurance broker. Eligible customers may be entitled to compensation of up to 90% of their claims with no upper limit under FSCS protection rules 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.