Penmor Financial Services Limited
What this means for you
Because Penmor 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
Penmor Financial Services Limited (FRN 136464) has been declared in default by the Financial Services Compensation Scheme, effective 19 October 2005. The firm's product offerings cannot be determined from available data; however, customers with protected claims may be entitled to FSCS compensation depending on the product type involved, typically up to £85,000 for investments, mortgages, or deposits, or 90 per cent of losses for insurance products. Former customers of Penmor should contact the FSCS to establish their eligibility and claim status.
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.