Factors Shaping the Duration of CFD Claims
Timeline Influence
Depends on the case's complexity to the entities involved, such as an active adviser, the Financial Ombudsman, or the FSCS (Financial Services Compensation Scheme). The admission or denial of liability plays a pivotal role.
Liability Admission
If liability is admitted, the claim process is streamlined, with a typical conclusion expected within 3-6 months.
Liability Denial and Court Proceedings
Cases where liability is denied, and the claim proceeds to court, extend the timeline to 12-18 months, contingent on court availability.
Claims Against the FSCS
Claims made against the FSCS generally conclude within 6 months.