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LCF pay-outs reach £38.1m as claims process drags on

The Financial Services Compensation Scheme has paid out just over £38.1m in compensation to LCF customers, a substantial increase from the £20m paid out by August when the body increased the team allocated to the case by nearly 80%.


Regulators warn advisers about SIPP property probe

The Financial Conduct Authority, the Financial Services Compensation Scheme and the Financial Ombudsman Service have warned Financial Planners to take action on any SIPP or SSAS investments in the German Property Group.


45% of adviser firms report doubling of FSCS levy 

Some 45% of PIMFA member firms have reported increases in their FSCS levy bill of more than 100% in the last five years, a survey for the wealth manager trade body has revealed.


FSCS: consumers must ask more questions

The Financial Services Compensation Scheme has launched a campaign to encourage more savers to ask financial advisers and providers more questions about how their money is protected.

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