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2 more advice firms fail with BSPS claims

Two financial advice firms - one in Cardiff and one in Bristol - have been declared in default by the Financial Services Compensation Scheme with a combination of over 100 claims related to pension transfer advice.

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FSCS may be extended to Long Term Asset Funds

The FCA is consulting on new rules which would extend FSCS protection to retail investors investing in Long Term Asset Funds (LTAFs).

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Lancashire Planner enters default with 8 claims

The Financial Services Compensation Scheme has declared MacFarlaine & Brooks IFA Limited (FRN 612753) as failed, opening the door to compensation claims.

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2 in 3 over-50s shun annuities despite benefits

Less than a third (28%) of over-50s would buy an annuity or consider buying one, according to new research by the FSCS.

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