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FSCS declares 45 firms in default during lockdown

The Financial Services Compensation Scheme declared 45 firms in default between May and October, including several Financial Planning, SIPP and wealth management firms.

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FCA’s Rathi warns no quick fix for levy crisis

The new chief executive of the Financial Conduct Authority (FCA) Nikhil Rathi has said it will take two or three years to address the rising costs of the Financial Services Compensation (FSCS) scheme levy.

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FSCS opens doors to claims against failed SIPP firm

The FSCS is working through nearly 1,000 potential claims against SIPP operator Guinness Mahon which collapsed in February.

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11,500 clients of failed wealth firm closer to refunds

Around 11,500 former clients of wealth management firm Reyker Securities have been given hope they will soon get at least some of their assets back after FSCS intervention.

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