FSCS declares 30 firms in default in 3 months

The Financial Services Compensation Scheme has declared 30 failed regulated firms in default between 1 November and 31 January 2020, opening the door to compensation claims.


FSCS makes first payouts of £2.7m to LCF victims

The Financial Services Compensation Scheme said today it has made the first pay-outs - totalling just under £2.7m - to 135 victims of the LCF mini-bond firm collapse.


3,000 download PFS template after call to action

The Personal Finance Society has reported that 3,000 members have downloaded a template to be used to write to MPs to urge government intervention over rising Professional Indemnity and FSCS costs.


PFS urges advisers to lobby MPs over soaring FSCS levy

The Personal Finance Society is urging its 40,000 members - hit by a double whammy of soaring Professional Indemnity premiums and escalating Financial Services Compensation Scheme levies - to lobby their local MP for change.

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