Magna Insurance Brokers Limited

Reference number: 925102

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Appointed representative

This firm does not hold FCA authorisation of its own. It acts under a principal firm, which is legally responsible for its regulated business.

The FCA register does not name a principal for this firm.

What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Magna Insurance Brokers Limited (FRN 925102) is listed as an appointed representative, but the register does not show its principal firm here. Find the principal on the FCA register before dealing with this firm.
  • Example: if you take financial advice from Magna Insurance Brokers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • Verified phone number

    01709 789350

  • Verified address

    29, Fusion Business Centre, Magna Way, Rotherham, Rotherham, S60 1FE, United Kingdom

Company details

From the company's Companies House record.

Company number
12347304
Company status
Active
Company type
Private limited company
Incorporated
4 December 2019 (6 years old)
Registered office
Bank Chambers, Market Street, Huddersfield, West Yorkshire, HD1 2EW, England
Nature of business
  • Activities of insurance agents and brokers (SIC 66220)

Current directors and secretaries

Name Role Born Appointed
Lee Robert Nicholson Director Oct 1971 1 Jun 2021
Katherine Michelle Nicholson Director Jul 1975 30 Jan 2024

Activities and protection

What they can do, and how you are protected

  • Protection through the principal firm
    Protection works through the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Previously registered as

The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Magna Insurance Brokers Ltd

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Common questions

Frequently asked questions

Is Magna Insurance Brokers Limited FCA authorised?
Magna Insurance Brokers Limited (FRN 925102) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Magna Insurance Brokers?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Magna Insurance Brokers Limited (FRN 925102) is listed as an appointed representative, but the register does not show its principal firm here. Find the principal on the FCA register before dealing with this firm. Example: if you take financial advice from Magna Insurance Brokers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
Is my money safe with Magna Insurance Brokers?
Protection works through the principal firm responsible for Magna Insurance Brokers's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Magna Insurance Brokers a scam or clone?
Magna Insurance Brokers is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Magna Insurance Brokers's Firm Reference Number (FRN)?
Magna Insurance Brokers's FRN is 925102. You can verify it on the FCA register.