FSCS in-default register

Michael Hugh Munro, trading as Financial Solutions

Declared in default27 April 2017FRN 301392

What this means for you

Because Michael Hugh Munro, trading as Financial Solutions 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

Michael Hugh Munro, trading as Financial Solutions (FRN 301392), has been declared in default by the FSCS as of 27 April 2017. The firm's regulatory product classification data is unavailable, limiting specification of the financial services it provided. Former customers may be entitled to FSCS compensation up to £85,000 for eligible claims, subject to the product category under which their complaint falls.

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.