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FSCS has declared Perry Prowse (Insurance Consultants) Ltd as a failed firm

Feb 24, 2022 | FSCS

Link(s):Perry Prowse Ltd – check you can claim | FSCS

Context

The Financial Services Compensation Scheme has declared Perry Prowse (Insurance Consultants) as a failed firm. This company no longer exists, so former customers may be able to make a claim against it. To find out, former customers are invited click the ‘Check if you can claim’ button on the FSCS web page about the firm.

Key points to note

  • The Exeter-based broker had its permissions removed by the Financial Conduct Authority in September 2019.
  • The business entered into liquidation in January 2020.
  • The FSCS updated its website on 8th February to confirm that it was a failed firm and that, while the company no longer existed, consumers may be able to make a claim against it.

Next actions

None – for information and awareness. If firms have picked up clients that were previously clients of this firm, they may want to engage with those clients in case any losses were suffered which could now reasonably lead to a claim against the failed firm.