Customers in line for compensation as UK broker fails

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Customers of a failed Leicester broker could be in line for compensation from the UK’s guarantee scheme.

The Financial Services Compensation Scheme has declared Abbot Insurance, of Fosse Road North, Leceister, in default.

The organisation is urging affected customers to get in contact.

A statement said: “A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation.”

Abbot could not be reached on its listed office number, and records show the company has been dissolved.

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