Sheffield Insurance Services Limited
What this means for you
Because Sheffield Insurance Services 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
Sheffield Insurance Services Limited, regulated under FRN 137243, was declared in default by the Financial Services Compensation Scheme on 31 January 2002. The firm's specific product types are not recorded in available data, limiting clarity on its service scope. Former customers may be entitled to FSCS compensation depending on the products they held, with standard limits applying to investments, mortgages, and deposits at £85,000 each, or 90% of claim value for insurance policies with no upper limit.
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.