FSCS in-default register

SBA Financial Limited

Declared in default29 September 2015FRN 447996

What this means for you

Because SBA Financial 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

SBA Financial Limited (FRN 447996) was declared in default by the Financial Services Compensation Scheme on 29 September 2015. The firm's product types were not recorded in available regulatory data, limiting clarity on the specific financial services it provided. Eligible customers may be entitled to FSCS compensation of up to £85,000 for eligible claims, depending on the product category under which their complaint falls.

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.