FSCS and FCA probes launched as firm fails

Stockbroker SVS Securities has slumped into administration and FSCS and FCA probes have been launched over “serious concerns” about the firm. 


FSCS declares 11 failed firms in default


The Financial Services Compensation Scheme has opened the door to compensation claims from consumers after declaring 11 failed firms, including several adviser and wealth manager businesses, in default in June.


FSCS reveals how levy will be distributed

The Financial Services Compensation Scheme (FSCS) has today published “indicative numbers” that illustrate how its levy will be distributed across firms in 2019/20.


FSCS pays out £473m in compensation over failed firms

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.

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