FSCS declares six financial firms in default

The Financial Services Compensation Scheme (FSCS) has declares six financial firms in default.

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FSCS declares 11 failed firms in default

 

The Financial Services Compensation Scheme has opened the door to compensation claims from consumers after declaring 11 failed firms, including several adviser and wealth manager businesses, in default in June.

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FSCS pays out £473m in compensation over failed firms

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.

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Treasury to review mini-bond rules after £236m collapse

The Treasury will examine whether mini-bond regulation is fit for purpose after the collapse of £236m London Capital & Finance (LCF) earlier this year.

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