FSCS in-default register

MDG Direct Limited

Declared in default26 July 2011FRN 311194

What this means for you

Because MDG Direct Limited 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

MDG Direct Limited (FRN 311194) was declared in default by the Financial Services Compensation Scheme on 26 July 2011. The firm's specific product offerings are not recorded in available regulatory data. Eligible customers may be entitled to FSCS compensation, subject to the standard limits applicable to their product category.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.