The UK Financial Services Compensation Scheme (FSCS) has now opened to claims against Alexander David Securities Ltd (ADSL) via the online claims service.

As FNG has reported, the FCA has confirmed that ADSL entered liquidation on July 1, 2022.

FSCS will be investigating whether there are any claims that are eligible for compensation. As part of this investigation, the body will be working closely with the joint liquidators. Until FSCS has finished its investigations, it cannot say whether it will be able to pay claims against ADSL.

If you have already referred a complaint to the Financial Ombudsman Service, you don’t need to take any action. As the firm is in liquidation the ombudsman service will contact you in due course to ask for permission to refer the case to FSCS.

Please remember, that by claiming directly through FSCS, you pay no fees, and will get 100% of any compensation that may become payable.