FSCS in-default register

B.A. & J.L. Read

Declared in default17 November 2000FRN 125900

What this means for you

Because B.A. & J.L. Read 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

B.A. & J.L. Read (FRN 125900) was declared in default by the FSCS on 17 November 2000. The firm's primary product offerings cannot be determined from available records. Eligible customers may be entitled to FSCS compensation up to £85,000 for deposits, investments, or mortgages, or up to 90 per cent of losses for insurance products, depending on the nature of their claim.

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.