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Interventions have improved says FCA in BSPS probe

The Financial Conduct Authority (FCA) is getting better at timely consumer interventions, chief executive Nikhil Rathi has told MPs during their probe into the British Steel Pensions Scheme (BSPS) scandal.

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FSCS declares 2 BSPS Planner firms in default

Yorkshire-based Briggs Murray Financial Planning & Wealth Management and Newcastle-based Whitebridge Financial Planning have been declared in default by the Financial Services Compensation Scheme.

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£4m mini-bond firm Vector Wealth fails

Mini-bond provider Vector Wealth has gone into administration today after an application to the High Court by a director of firm to wind up the business.

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FSCS pays £114m compensation to LCF victims

The Financial Services Compensation Scheme reported today that it has now paid compensation to London Capital & Finance bondholder victims of over £114m.

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