Where am I? 
Home Better Business
An insurance broker whose main focus was providing payment protection insurance (PPI) has gone into administration.
The Financial Services Compensation Scheme (FSCS) has confirmed Wilmslow Financial Services Ltd has been put into administration and says it is investigating how it can help consumers who have lost money through dealing with the firm.
It added protection for insurance broking is 90% of any eligible claim with no upper limit, although it said customers should not contact the FSCS.
The company's website stated: "Philip Duffy and Sarah Bell were appointed as joint administrators of Wilmslow Financial Services plc on 17 May 2011.
"The joint administrators are currently reviewing the financial position of the company and will contact all known creditors in due course."
Earlier this month, the British Bankers' Association (BBA) confirmed it will not appeal a high court ruling which opened the door to potentially billions of pounds in compensation to PPI mis-selling victims.
| Share | |
| Comment | PPI broker goes into administration |
More better business news
Email alerts
Recommended reading
Categories
Topics
Comments
Related articles
Most Read
Audio / Visual
With the industry's biggest fund managers, IFAonline welcomes you to the media centre.
This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.
Events
Poll
|
|
Job search
Ifaonlinejobs will open the right investment career path for you. Search hundreds of vacancies on www.ifaonlinejobs.co.uk now
In Focus
Viewpoints
About 2.66 million people are looking to increase the amount of money...
sponsored by
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment