compensation

Wednesday, 17 April 2019 11:03

CISI warns FCA over FOS compensation increase

The Chartered Institute for Securities & Investment (CISI) has raised concerns with the FCA at the decision to increase the Financial Ombudsman Service’s (FOS) compensation limit from £150,000 to £350,000, as it may have “serious unintended consequences for its member SMEs”.

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Wednesday, 23 January 2019 11:01

FSCS appoints 8 law firms to panel

The FSCS has appointed eight law firms to form its second legal panel, following what it called “a rigorous six-month procurement exercise.”

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Thursday, 25 October 2018 12:36

FSCS British Steel compensation tops £500k

The Financial Services Compensation Scheme (FSCS) is currently paying out £531,000 to those affected by the continuing fallout of the British Steel debacle.

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Tuesday, 17 April 2018 16:28

FSCS opens door to first BSPS compensation cases

The Financial Services Compensation Scheme has listed 11 failed advice firms it declared in default in March in a move which will mean some British Steel Pension Transfer clients being compensated.

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Monday, 22 January 2018 09:16

Mattioli Woods praises compensation for failed SIPP firms

SIPP provider and wealth manager Mattioli Woods has welcomed a decision which could pave the way for compensation pay-outs to investors who used a failed SIPP firm.

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Friday, 05 January 2018 11:47

SIPP claims force FSCS to add £23.9m extra levy

SIPP compensation claims above predictions have forced the Financial Services Compensation Scheme (FSCS) to ask financial advisers and providers to chip in an extra levy of £23.9m.

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Wednesday, 13 July 2016 12:26