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Store First Investment Now Given Nil Value By FSCS Contact us ON 0161 850 9069

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Store First Investment Now Given Nil Value By FSCS

This could be good news for our clients who have already made a claim against Storefirst – the FSCS have now changed their assessment of decisions in relation to Storefirst Investments and are currently giving Storefirst Investments a nil value, in respect of their calculations. A recent resolution we’ve received here at Pension Claim Consulting stated: “Normally we take into account the value (if any) of the investment as you might get your money back in the future. We’ve disregarded the value of the Storefirst investment because it’s too uncertain to quantify” Whilst it’s unknown as to why this status has now changed, it means we now have the opportunity to ask the FSCS to reconsider interim decisions made on our clients behalves – in which initial payments were awarded – and see if they are entitled to receive further compensation in relation to losses in their Storefirst Investments. The maximum the FSCS can award for a single claim against an individual firm is £50,000. If you’ve got any questions regarding this or you’d like to know more about making a claim, please call out team on 0161 850 9069.

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