FSCS declares County Durham-based British Steel firm in default

D&G Financial Services is no longer trading

Isabel Baxter
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared D&G Financial Services as failed.

The County Durham-based financial advice firm is associated with the British Steel Pension Scheme scandal. The FSCS said today (10 January) that D&G Financial Services is no longer trading, so customers can make a claim against it. The lifeboat fund told Professional Adviser that the advice firm was declared in default yesterday as the first claim was upheld and there is one other claim which is in progress, meaning there are two in total. These claims are for pension advice. According to Companies House, the firm was incorporated on 15 January 2001 and was dissolved on 30 November...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Quilter swoops two Shackleton advisers in latest AR additions

Quilter swoops two Shackleton advisers in latest AR additions

Five more firms join the network

Isabel Baxter
clock 28 November 2025 • 1 min read
Wealth manager Pello Capital declared failed by FSCS after investigation

Wealth manager Pello Capital declared failed by FSCS after investigation

More than 90 claims over pensions advice

Isabel Baxter
clock 28 November 2025 • 2 min read
Team confirms WH Ireland acquisition creating £2bn wealth and asset manager

Team confirms WH Ireland acquisition creating £2bn wealth and asset manager

Headquartered in Jersey

Jenna Brown
clock 27 November 2025 • 1 min read