Medical and Professional Financial Management
What this means for you
Because Medical and Professional Financial Management 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
Medical and Professional Financial Management (FRN 182111) has been declared in default by the Financial Services Compensation Scheme as of 20 June 2017. The firm's regulatory product classification data is not available, preventing specification of which financial services it offered. Eligible customers may claim compensation under the FSCS, with limits typically set at £85,000 for investments and mortgages or £85,000 for deposits, depending on the products held.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.