Palace Financial Services Limited
What this means for you
Because Palace Financial 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
Palace Financial Services Limited, a UK regulated financial services firm operating under FRN 139011, was declared in default by the Financial Services Compensation Scheme on 22 January 1999. The firm's product offerings and the specific compensation entitlements for affected customers cannot be determined from available records, as product type information is not documented. Former customers seeking compensation should contact the FSCS directly to establish their eligibility and claim amounts based on the nature of services they received from the firm.
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.