FSCS in-default register

Derrick Hales Financial Planning

Declared in default2 October 2012FRN 185480

What this means for you

Because Derrick Hales Financial Planning 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

Derrick Hales Financial Planning, FRN 185480, was declared in default by the FSCS on 2 October 2012. The firm's regulatory product classification data is not available, preventing definitive identification of its service offerings. Customers with eligible claims may be entitled to FSCS compensation up to £85,000 for investment or mortgage-related losses, or up to £85,000 for deposits, depending on the products involved.

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.