Liberty SIPP declared in default by FSCS

Collapsed firm Liberty SIPP has been declared in default by the FSCS after being placed into administration on 27 April last year.

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Editor’s Column: FSCS levy reform can’t come too soon

If I was a Financial Planner I would likely be infuriated by the news today from the Financial Services Compensation Scheme forecasting a levy on regulated firms of over £1bn over the next 12 months, up 30% on the previous year.

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FSCS £1bn levy warning is a ‘scandal’ - PIMFA

Wealth manager trade body PIMFA has attacked the FSCS forecast today of a £1bn compensation levy as a “scandal” which points to regulation failing consumers and firms.

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FSCS levy to soar by a third to top £1bn

 

The Financial Services Compensation Scheme is forecasting a levy for 2021/22 of £1.04bn, up £339m from the £700m raised the previous year due mainly to soaring numbers of claims.

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