Action Desk: Compensation due from failed Doncaster firm

0
Have your say

Consumers in South Yorkshire may be entitled to compensation if they have lost money as a result of dealings with any one of the three failed financial firms - including one from Doncaster - that the Financial Services Compensation Scheme has declared in default.

Hogarth Phillips, of St Nicholas Terrace, Church Walk, Bawtry, sold insurance but dissolved in 2009. Since then two customers have made claims worth more than £5,000 which have been paid by the scheme.

A spokeswoman for the FSCS said: “The firm has only recently been declared in default so that number could rise.”

A declaration of default means a firm is unable to pay claims for compensation made against it. The scheme’s services are free.

The two other companies in default are Financial Solutions (Investment & Retirement Options) Limited of Morley, West Yorkshire, and Apartment and Home Mortgages Limited, of Garforth Leeds.

Mark Oakes, of FSCS said: “We’re there for consumers when firms go bust. We have already started paying compensation in respect of these firms. However, we are encouraging anyone who has not been contacted by us and believes they may be owed money to get in touch.”

The scheme has so far helped more than 4.5m people and paid out more than £26bn in compensation.

It was set up by the Government in 2001 and is funded by the financial services industry. It protects insurance, investments, deposits and mortgage advice and arranging. Call 0800 678 1100 or 020 7741 4100 or email enquiries@fscs.org.uk.

Back to the top of the page