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How are brokers effected?

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Comments

  • marshallka
    marshallka Posts: 14,585 Forumite
    Buns_Mum wrote: »
    It was sold to me in November 2005. Adjudicator found in my favour in August last year and Wilmslow appealed, hence now in the Ombudsman queue.
    Seems like it will be eventually dealt with by the FSCS (they have to be declared in default first though which can take a while). The Ombudsman will not be able to deal with it now as they have gone into administration.
  • Buns_Mum
    Buns_Mum Posts: 95 Forumite
    Cheers. Not the best news in the world but just another twist in a rather long saga..... :mad:
  • marshallka
    marshallka Posts: 14,585 Forumite
    Wilmslow Financial Services Ltd

    24th May 2011
    The Financial Services Compensation Scheme (FSCS) is aware that Wilmslow Financial Services Ltd has been put into administration. The FSCS is investigating how it is able to help consumers that have lost money through dealing with the firm.
    The company was an insurance broker whose main focus was providing Payment Protection Insurance (PPI). Customers of the firm do not need to contact the FSCS.
    We will publish an update on Wilmslow Financial Services as soon as more information is available.
    The FSCS protection for insurance broking is 90% of any eligible claim with no upper limit.
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