FSCS in-default register

Nationwide Taxi Sales

Declared in default1 November 2017FRN 314805

What this means for you

Because Nationwide Taxi Sales 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

Nationwide Taxi Sales (FRN 314805) was declared in default by the FSCS on 1 November 2017. The firm's regulated product types could not be determined from available records. Former customers may be eligible for FSCS compensation, though the specific limit depends on the financial products involved; typical compensation covers £85,000 for investments, mortgages, or deposits, and 90 per cent of losses for insurance policies.

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.