FCA warns BSPS redress scheme to cost £140m
- Tuesday, 02 August 2022
- Articles
The Financial Conduct Authority (FCA) has warned that its proposed redress scheme for the British Steel Pension Scheme (BSPS) scandal could see advice firms pay over £140m in compensation.
Read more...FCA to pay £4,000 to firm which caused £100m in losses
- Monday, 11 July 2022
- Articles
The FCA has been ordered to pay £4,000 compensation to a complainant which caused £100m in consumer losses and redress.
Read more...PIMFA backs imminent FCA ban on CMC phoenixing
- Wednesday, 08 June 2022
- Articles
Wealth management trade body PIMFA has welcomed news that the FCA will ban regulated firms ‘phoenixing’ into Claims Management Companies from 7 July.
Read more...4th credit union collapses this year owing £1.3m
- Friday, 06 May 2022
- Articles
The fourth credit union to collapse this year has been declared in default by the Financial Services Compensation Scheme this week.
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