FSCS in-default register

Trans Action

Declared in default2 August 1999FRN 136470

What this means for you

Because Trans Action 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

Trans Action (FRN 136470) has been declared in default by the Financial Services Compensation Scheme as of 2 August 1999. The firm's specific product offerings cannot be determined from available records, limiting clarity on the scope of its regulated activities. Eligible customers may be entitled to FSCS compensation, though the applicable limits depend on the product types involved in individual claims.

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.