FSCS levy to cost financial advisers £175m

The FSCS levy is expected to cost advisers £175m for the 2019/20 financial year, a new report has revealed.

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Beaufort Securities FSCS compensation bill hits £22m

The Financial Services Compensation Scheme has revealed that it has so far paid out £22m to the 16,000-plus victims of the Beaufort DFM collapse.

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754 Beaufort victims compensated as part of £50m FSCS payout

The Financial Services Compensation Scheme has compensated a further 754 clients of failed DFM firm Beaufort Securities, pushing the number so far paid out to 16,100.

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Editor’s Comment: Ticking off for regulators is a sticking plaster

The lessons from the British Steel Pension Scheme debacle will reverberate for a long time but I wonder if the recent criticism of the regulators is just another knee-jerk response to a financial mess which could well be repeated.

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