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FSCS declares 16 firms in default

The Financial Services Compensation Scheme (FSCS) has declared 16 firms in default, including a number of financial advisers and wealth managers.

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FSCS blames poor financial advice for soaring levy 

The Financial Services Compensation Scheme (FSCS) has blamed poor financial advice for driving up its soaring annual levy.

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Advisers unlikely to benefit from £206m FSCS levy cut 

The FSCS has cut its latest levy forecast by £206m from £1.04bn to £833m but the body has warned that the levy on advisers is unlikely to change.

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Retirees drawn to riskier investments warns FSCS

The Financial Services Compensation Scheme has warned that retirees are being tempted to put money into investment products claiming to offer high returns due to the prolonged low interest savings environment.

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