LCF pay-outs top £56m as claims process nears completion
- Thursday, 18 February 2021
- Articles
The Financial Services Compensation Scheme reported today that it has paid out just over £56.3m in compensation to 2,878 customers of collapsed mini-bond firm London Capital & Finance (LCF).
Read more...Liberty SIPP declared in default by FSCS
- Tuesday, 26 January 2021
- Articles
Collapsed firm Liberty SIPP has been declared in default by the FSCS after being placed into administration on 27 April last year.
Read more...Editor’s Column: FSCS levy reform can’t come too soon
- Friday, 22 January 2021
- Comment
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.
Read more...FSCS £1bn levy warning is a ‘scandal’ - PIMFA
- Friday, 22 January 2021
- Articles
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.
Read more...