FSCS in-default register

REX Financial Services LLP

Declared in default29 September 2020FRN 798939

What this means for you

Because REX Financial Services LLP 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

REX Financial Services LLP (FRN 798939) provided pension, insurance, and investment services to UK customers before being declared in default by the Financial Services Compensation Scheme on 29 September 2020. Eligible customers who held investments may claim up to £85,000 in compensation, while those with insurance products may recover up to 90% of their claim with no upper limit. Deposit holders are entitled to compensation of up to £85,000 per eligible claim.

Products this firm wrote

Pensions, Insurance, Investments

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.