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Displaying items by tag: FSCS
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.
The Financial Services Compensation Scheme (FSCS) has today declared The Lifetime SIPP Company Limited in default.
The Financial Services Compensation Scheme (FSCS) is now accepting claims against GPC SIPP Limited (GPC) which slumped into administration this week.
A rising number of SIPP complaints is creating upward pressure on the Financial Services Compensation Scheme levy, the body has warned.
The Financial Services Compensation Scheme (FSCS) has today revealed that former RBS and ABN AMRO executive, Caroline Rainbird, will become its next CEO.
A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.
The FSCS has appointed eight law firms to form its second legal panel, following what it called “a rigorous six-month procurement exercise.”
The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.
The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.
PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.
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