Displaying items by tag: FSCS
DAC Pensions declared in default as claims mount
SIPP provider DAC Pensions - which had more than 600 clients and nearly £27m in assets under administration - has been declared in default by the FSCS, opening the door to compensation claims.
FSCS declares SIPP adviser firm in default
The Financial Services Compensation Scheme has declared Cardiff-based pension firm The London Trading Company (UK) Ltd (FRN: 678985) in default.
4 firms fail - 2 with BSPS links
The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).
13 firms declared in default by FSCS
The Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.
5 firms fail after flood of pension advice claims
The Financial Services Compensation Scheme has declared five pension advice firms as failed this week - four of them for pension transfer advice complaints.
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.
SIPP adviser placed in default by FSCS
The Financial Services Compensation Scheme has declared in default its fifth financial adviser firm this month.
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.
SIPP adviser fails after string of claims
The Financial Services Compensation Scheme has declared as failed a Midlands financial adviser hit with a string of claims related to pensions and SIPPs.
SIPP adviser fails after 10 claims and £2m fine
A SIPP adviser has been declared as failed by the Financial Services Compensation Scheme after being hit with 10 claims and a £2m FCA fine.