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Income Protection Insurances

Financial Services Compensation Scheme

The Financial Services Compensation Scheme is a company based in London, England that specializes in providing income protection insurances and other insurance services. They are committed to helping their clients protect their financial well-being and providing them with peace of mind. The company operates from their office located on the 10th floor of Beaufort House, 15 St Botolph St, London EC3A 7QU, United Kingdom.

Introduction to Financial Services Compensation Scheme

Financial Services Compensation Scheme is a UK-based company that was established in 2001. The company is unique as it offers a safety net for customers of financial services who may be affected if their provider goes out of business. The company aims to provide protection and build confidence in the UK's financial system.

Services & products

Financial Services Compensation Scheme offers financial protection for customers of UK authorised financial services firms. The company covers various financial products, including income protection insurances and insurance.

Location

The Financial Services Compensation Scheme is located on the 10th Floor of Beaufort House, situated at 15 St Botolph St, London EC3A 7QU, United Kingdom. The area is known for its financial district, with many businesses operating in the financial sector. Customers can expect a bustling and fast-paced environment. The closest public transportation options are Liverpool Street Station, Aldgate Station, and Monument Station, all within a 10-minute walk from the office.

Benefits

Customers should choose Financial Services Compensation Scheme as the company offers a safety net for financial services customers, which is not provided by other companies in the same industry. The company's aim is to build confidence in the UK's financial system and to provide protection to customers in the event of financial distress.

Good to know

Customers should be aware that Financial Services Compensation Scheme provides protection for UK authorised financial services firms only. The amount of compensation depends on the type of financial product and the circumstances of the claim.

Reviews

Customers have praised Financial Services Compensation Scheme for its ease of use and the peace of mind it provides. The company is known for its excellent customer service and prompt payments in the event of a claim.

Amenities

  • amenity
    online quote
  • amenity
    phone consultation
  • amenity
    financial advice
  • amenity
    tailored plan
  • amenity
    flexible payment options
  • amenity
    accident cover
  • amenity
    disability cover
  • amenity
    illness cover
  • amenity
    death cover
  • amenity
    injury cover
  • amenity
    hospitalization cover

FAQ

What is the maximum coverage amount for your income protection insurance plans?

Our income protection insurance plans have a maximum coverage amount of £2,000 per month.

Are there any waiting periods before I can make a claim on my income protection insurance?

Yes, there is a waiting period of 4 weeks before you can make a claim on your income protection insurance.

Does your income protection insurance cover partial disability or only total disability?

Our income protection insurance covers both partial and total disability.

Are there any exclusions or limitations in your income protection insurance coverage?

Yes, there are certain exclusions and limitations in our income protection insurance coverage. For example, we do not cover pre-existing medical conditions.

How are premium rates determined for your income protection insurance plans?

Premium rates for our income protection insurance plans are determined based on factors such as age, occupation, and health status.

Reviews

  • Daniel Terestenyi

    Great company supporting customers of default companies

    26-12-2022

  • nasir joma1

    26-11-2022

  • Mo Ahmef

    My motorbike insurer got bankrupt, my policy was cancelled and I was told by FSCS they will give me the compensation and will write yet nothing last in thell last 5 months, I am still waiting.

    26-07-2022

  • Jagdishchandra Patel

    26-05-2022

  • Patrick headdick

    Banks are going to fail and tens of millions are going to lose their money because the banks have already claimed their money but they don't know it .

    26-05-2021

  • Shoppy CAU MAU 0949770799vn

    26-05-2021

  • Dave Murtagh

    Not fit for purpose. Invested my pension lump sum after 34 years in teaching in two ISAS with LCF who proudly were allowed to advertise being as FCA approved and thus any losses would be compensated by FSCS. Now FSCS claim they weren't ISA'S. DISGRACE.

    26-05-2020

  • Antonia Ashman

    26-05-2019

  • David Kirk

    I bought into a London, Capital & Finance ISA in good faith. My money seems to have disappeared. Despite the company being FCA approved I have been told by the FSCS that I'm not entitled to compensation as I wasn't recommended to buy this product by a financial advisor. It appears that the company had been known to be dodgy by the FCA for several years before I made my purchase. LC&F appeared on comparison website and widely throughout social media and had many positive reviews at the time that I made my purchase. How much more can an ordinary chap do? The FSCS is unfit for purpose as it doesn't protect the small investor! We should settle for 0.5% interest in the bank and be grateful for it I suppose!!

    26-05-2019

  • Alexandra Barker

    ‘When financial firms fail they help get money back’ - a statement I can not see evidence of at present. Their actions are partial, delayed, and inconsistent. The highly fraudulent LCF scandal was reported to them in 2015 and no action was taken, LCF continued to be ‘regulated’ by FCA and received ISA manager status from HMRC. Despite the directors of LCF having been ‘directors’ of other dissolved companies (one director having been listed openly on Companies House as a director of around 30 dissolved companies), FSCS still did nothing. 11,600 people have lost £360 million. LCF is currently under investigation. But with direct emails from FSCS clearly stating LCF bond holders were covered, and after bond holders invest and the company falls into administration, FSCS stand back and change their mind. You cannot pick and choose after the fact. This company works inappropriately and not in the best interest of investors in the UK. To any future investors, I suggest taking your business abroad. Organisations set up in the UK to protect your investment will find loopholes not to, your money is no longer safe here.

    26-05-2019