FSCS in-default register

BAFS Ltd

Declared in default22 March 2017FRN 480034

What this means for you

Because BAFS Ltd 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

BAFS Ltd, operating under FRN 480034, has been declared in default by the Financial Services Compensation Scheme as of 22 March 2017. The firm's specific product offerings cannot be determined from available records. Former customers of BAFS Ltd may be eligible for FSCS compensation, though entitlement limits vary by product type: investments, mortgages, and deposits are covered up to £85,000 each, while insurance claims are covered at 90% of losses with no upper limit.

Products this firm wrote

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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.