We are finding a number of our clients have previously received a claim rejected from the FSCS and are coming to us as a last resort.
It’s understandable that consumers prefer not to pay fees for help in submitting their claims to the FSCS directly, this is of course every individual’s choice.
However, unfortunately we are seeing more and more direct consumer claims rejected by the FSCS.
In many of these cases the consumers have not fully understood the basis of their complaint or encountered difficulties supplying the FSCS with information required in support of their case, regrettably as a result have suffered a rejection.
We at Pension Claim Consulting do not want victims of financial mis selling to lose out unnecessarily through no fault of their own, simply due to lack of knowledge in claims and advice.
The case study below demonstrates a recent case at Pension Claim Consulting…
Mr B directly submitted a claim to the FSCS against an IFA who was in default for suffering investment losses.
In Jan 2021 he received his FSCS rejection and they advised Mr B to direct his claim to an alternate firm that they believed were responsible for the investment losses.
Feb 2021 Mr B contacted Pension Claim Consulting for help and we happily reviewed the case. We thoroughly investigated where the claim had gone wrong and we duly submitted a new claim on behalf of Mr B.
In September 2021 we were successful in winning Mr B’s case with a claim at the FSCS against the same IFA and Mr B was awarded £85,000 before our fees.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.