Investment and pension advice top £403m FSCS claims

The majority of the £403m in claims paid by the Financial Services Compensation Scheme in 2022/23 were due to investment and pension advice including SIPP operator failures.

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FSCS trims levy for advisers by £4.4m

The Financial Services Compensation Scheme has cut its 2023/24 levy for the Life Distribution & Investment Intermediation class - which includes financial advisers -by £4.4m.

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FSCS recovers £16m from failed firms

In 2021/22 the Financial Services Compensation Scheme (FSCS) recovered just £16m from the estates of failed firms.

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FSCS cuts annual levy by a third

The Financial Services Compensation Scheme (FSCS) has cuts its levy for 2022/23 by £275m to £625m.

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