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11th January 2019
We have been informed by Car Care Plan that on December 20th, Qudos Insurance A/S, who are the Insurance Company that has underwritten the risk and paid the claims for the insurance products listed below between the period of July 5th 2017 and 31st January 2018, has filed for bankruptcy:
A solution has been presented to the respective regulatory bodies, which if accepted could result in the recommencement of claims payments in the coming weeks.
In the absence of this proposal being accepted, we anticipate that UK consumers will be covered by either the Danish Guarantee Fund (DGF) or the UK Financial Services Compensation Scheme (FSCS). Car Care Plan are liaising with both DGF and FSCS to clarify the position and will update on this topic in due course.
At this stage, Car Care Plan are unable to pay any claims or refund payments, or complete mobile cosmetic or alloy wheel repairs for consumers that have been affected by the above.
Car Care Plan are keeping customers that have made a claim informed as this situation develops via: www.carcareplan.co.uk/qudos
For latest information being provided by the Insurer, Qudos, please refer to: www.qudosinsurance.dk
Marshall Motor Group Limited is authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 310503. Details of our permissions and trading names can be checked via the FCA register https://register.fca.org.uk/s/
All of the following companies are individually authorised and regulated by the Financial Conduct Authority with a Limited Permission for credit broking. Each company is a credit broker not a lender: Marshall North West Limited; Marshall of Ipswich Limited; Marshall of Peterborough Limited; Marshall of Scunthorpe Limited; and Silver Street Automotive Limited. All of the following companies are Appointed Representatives of Marshall Motor Group Limited for credit broking: Pentagon Limited; Ridgeway Garages (Newbury) Limited and S G Smith (Motors) Beckenham Limited.
We typically receive a commission or other financial benefit from our lenders for arranging finance for you. For further information on our commission arrangements please see our Finance Commission Disclosure Statement
Marshall Motor Group Limited is authorised and regulated by the Financial Conduct Authority to conduct insurance distribution as an ancillary insurance intermediary. All of the following companies are Appointed Representatives of Marshall Motor Group Limited for the purposes of insurance distribution: Marshall North West Limited; Marshall of Ipswich Limited; Marshall of Peterborough Limited; Marshall of Scunthorpe Limited; Pentagon Limited; Ridgeway Garages (Newbury) Limited; S G Smith (Motors) Beckenham Limited; and Silver Street Automotive Limited.
List of Companies for credit-broking and insurance distribution
More about our credit-broking services & our insurance distribution activities
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