DNG Financial Solutions Ltd, trading as Succession Group
What this means for you
Because DNG Financial Solutions Ltd, trading as Succession Group has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.
Background
DNG Financial Solutions Ltd, trading as Succession Group (FRN 472596), a UK-regulated financial services firm offering pensions, insurance, and investment products, was declared in default by the FSCS on 4 September 2020. Former customers holding investment products may be entitled to FSCS compensation up to £85,000, while those with insurance policies may claim up to 90 per cent of their losses with no upper limit. Customers with pension arrangements should contact the FSCS to establish their eligibility for protection under the compensation scheme.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.