FSCS in-default register

New Beginnings Finance Limited

Declared in default4 May 2011FRN 460911

What this means for you

Because New Beginnings Finance 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

New Beginnings Finance Limited (FRN 460911) has been declared in default by the Financial Services Compensation Scheme as of 4 May 2011. The firm's specific product offerings cannot be determined from available records. Eligible customers may be entitled to FSCS compensation, though the applicable limit depends on the financial products involved in their individual claims.

Products this firm wrote

--

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.