FSCS in-default register

St Andrews Securities Limited

Declared in default7 October 2013FRN 451359

What this means for you

Because St Andrews Securities 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

St Andrews Securities Limited (FRN 451359) has been declared in default by the FSCS as of 7 October 2013. The firm's specific product offerings cannot be determined from available data. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the type of financial product involved; typically £85,000 for investments, mortgages, or deposits, or 90 per cent of claim value 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.