Banwern Limited
What this means for you
Because Banwern Limited 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
Banwern Limited (FRN 126412), a UK regulated financial-services firm, was declared in default by the Financial Services Compensation Scheme on 10 August 2004. The firm's specific product offerings cannot be determined from available records, limiting clarity on the scope of its operations. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product types involved, ranging from £85,000 for investments, mortgages, or deposits to 90% of claims for insurance products without a monetary cap.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.