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Displaying items by tag: Financial Services Compensation Scheme

Monday, 04 December 2023 11:10

Staffs-based adviser fails with SIPP claims

Staffordshire-based pensions adviser Quadros Financial Solutions Ltd (FRN: 764760) has been declared as failed by the Financial Services Compensation Scheme.

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Tuesday, 26 September 2023 10:21

Milton Keynes adviser firm fails with pension claims

Former Milton Keynes financial adviser firm Mike Norris Financial Services (FRN 542126) has been declared as failed by the Financial Services Compensation Scheme.

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Tuesday, 30 May 2023 10:58

FSCS investigates BSPS adviser Niche

The Financial Services Compensation Scheme has launched an investigation into Newport-based Niche Independent Financial Advisers Ltd (FRN: 472635).

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Thursday, 12 January 2023 12:09

FSCS warns complex SIPP cases will push up costs

The Financial Services Compensation Scheme has warned that more complex cases - particularly related to SIPPs and pension transfers - will push up its costs.

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Wednesday, 23 November 2022 13:11

Adviser facing pension transfer claims defaults

Advice firm Bartholomew Financial Limited has been declared in default by the Financial Services Compensation Scheme (FSCS) whilst facing 12 claims.

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Monday, 09 November 2020 16:27

2 SIPP providers among 45 firms in default

The Financial Services Compensation Scheme has declared 45 firms in default between May and October including two signifcant SIPP providers and dozens of financial advice firms. 

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The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers in the coming due in part to rising pension and SIPP claims.

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Thursday, 21 November 2019 12:12

FSCS receives 733 claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) has received 733 claims against Berkeley Burke Sipp Administration Limited (BBSAL).
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Thursday, 19 September 2019 09:59

FSCS opens door to claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) is now open to claims against Berkeley Burke SIPP Administration Limited (BBSAL).

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Friday, 28 June 2019 11:13

FSCS pays out £473m as SIPPs payouts rise

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.
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