L.G. Financial Services Limited
What this means for you
Because L.G. Financial Services 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
L.G. Financial Services Limited (FRN 134169) was declared in default by the Financial Services Compensation Scheme on 22 November 2004. The firm's product types are not specified in available records. Former customers of the firm may be entitled to FSCS compensation, though the applicable limits depend on the specific financial products involved, with standard protection covering deposits, investments, and mortgages up to £85,000 each, and insurance claims at 90% of loss with no upper limit.
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.