We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
FSCS query.......
Letsgetreal
Posts: 7 Forumite
I have a question for anyone with experience with claiming from the FSCS. Please bear with me as its moderately complex.
I used to use an IFA who ran his own (FSA regulated) company. Whilst I was a client he dissolved that company with no assets and re-launched as a new company (also FSA regulated). He then ceased trading and dissolved the second company with no assets as well.
It was then discovered that he had been stealing from his clients, and that the thefts occured (in my case) during his time with both the first and the second company. He has subsequently been convicted of the thefts and his conviction clearly shows that he stole from me during his time with the first company and during his time with the second company.
My question is - can I claim once from the FSCS for the thefts that occurred when he worked for the first company and again for the thefts that occurred when he worked for the second?
To complicate matters the FSCS have declared the first company in default (and therefore there should be a virtually automatic payout as they have already paid out some of the other victims) but they have yet to declare the second company in default. Can I force them to declare the second company in default as well as the circumstances are exactly the same?
I am not trying to be greedy - its rather a lot of money!
I used to use an IFA who ran his own (FSA regulated) company. Whilst I was a client he dissolved that company with no assets and re-launched as a new company (also FSA regulated). He then ceased trading and dissolved the second company with no assets as well.
It was then discovered that he had been stealing from his clients, and that the thefts occured (in my case) during his time with both the first and the second company. He has subsequently been convicted of the thefts and his conviction clearly shows that he stole from me during his time with the first company and during his time with the second company.
My question is - can I claim once from the FSCS for the thefts that occurred when he worked for the first company and again for the thefts that occurred when he worked for the second?
To complicate matters the FSCS have declared the first company in default (and therefore there should be a virtually automatic payout as they have already paid out some of the other victims) but they have yet to declare the second company in default. Can I force them to declare the second company in default as well as the circumstances are exactly the same?
I am not trying to be greedy - its rather a lot of money!
0
Comments
-
I guess the only real way to know is to talk to the FSCS direct.
FSCS
7th Floor
Lloyds Chambers
1 Portsoken Street
London
E1 8BN
Tel: 020 7892 7300
Info on companies which have (or have not) defaulted: http://www.fscs.org.uk/consumer/default_information/
How to claim detailed info (including investments): http://www.fscs.org.uk/consumer/how_to_claim/
Good luck.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards