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LCF pay-outs top £56m as claims process nears completion

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).

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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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