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D C Financial Ltd

Failed 09/11/2023

FRN: 170299

D C Financial Ltd declared in default

D C Financial Ltd was declared in default by the Financial Services Compensation Scheme (FSCS) in November 2023.

The firm, which also traded as SystemCover Limited, was placed under investigation by the FSCS in March.

According to the FCA register the firm is currently in liquidation and stopped trading in March 2023.

Claims against DC Financial Ltd

The FSCS is now considering customer claims against D C Financial Ltd, on a case-by-case basis, to determine if they are eligible for compensation.

It has been reported that there have been 111 claims made against the firm, of which one has been upheld and one has so far been rejected. The remaining claims are still being assessed by the FSCS.

British Steel

DC Financial Ltd is also one of the companies associated with  British Steel Pension Scheme (BSPS) claims.

In 2017, thousands of British Steel workers were unsuitably advised to transfer out of their defined benefit pension into a defined contribution pension. Also known as a Personal Pension Plan or a Self-Invested Personal Pension (SIPP).

However, this meant they would’ve lost the benefits already built up in the British Steel Pension Scheme and the advice they received may not have been suitable.

You can make a claim yourself – here’s some helpful links to get you started…

Financial Services Compensation Scheme
FSCS Making a claim
FSCS Contact Us

Money Helper
How to spot a pension scam

Money & Pensions Service
How MaPS can help those who have been scammed on their pensions

Using our Service to handle your claim

We are one of the UK’s leading Claims companies specialising in mis-sold pensions and investments compensation claims.

Our outstanding service includes a full investigation and total management of your claim.

Our success fee is calculated at 15%+VAT (total 18%) of the gross amount of compensation offered to you.

And our maximum success fee is capped at £7,500 + VAT.

 

Our Free Initial Assessment

If want help establishing if you have a case against D C Financial Ltd or any other advice firm, our free initial assessment could help.

We can tell you if we think you have a case and what your options are if you do – no obligation to use our service.

Simply fill in the form below or call our office.

Key Facts

1
D C Financial Ltd was declared in default by the Financial Services Compensation Scheme in November 2023

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.