Displaying items by tag: FSCS
BSPS-linked adviser firm in default says FSCS
The Financial Services Compensation Scheme (FSCS) has declared BSPS-linked South Wales-based Niche Independent Financial Advisers Ltd (FRN: 472635) as failed.
Cheshire pension adviser is 6th failed firm this month
Macclesfield-based pension adviser The Chambers Partnership Ltd (FRN 495472) has been declared in default by the FSCS, opening the door to at least one compensation claim.
FSCS could face £124m bill over Rowanmoor failure
The Financial Services Compensation Scheme faces a payout of up to £124m after declaring collapsed SIPP and SSAS firm Rowanmoor as failed.
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.
FSCS levy forecast to soar to £415m next year
The total levy to pay for the cost of the Financial Services Compensation Scheme is set to soar by £145m from £270m this year to £415m in 2024/25.
FSCS pays out £9.7m on failed pension transfer adviser
The Financial Services Compensation Scheme has so far paid out just over £9.7m on 234 successful claims against failed firm Portal Financial Services LLP, formerly Portafina LLP (FRN 501272).
FSCS quotes SIPP cases in pension warning
The FSCS, the government-backed financial safety net scheme, has published a series of case studies to warn consumers about the potential risks of consolidating pensions into one plan.
FCA revokes permissions of Devon-based firm
Wellington Court Financial Services Limited, which was declared in default by the FSCS in June, has had its temporary permissions revoked by the FCA.
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.
3 adviser firms fail due to pension complaints
The FSCS has declared three financial adviser firms as failed, opening the door to compensation claims from ex-clients.