FSCS declares 30 firms in default in 3 months
- Wednesday, 04 March 2020
- Articles
The Financial Services Compensation Scheme has declared 30 failed regulated firms in default between 1 November and 31 January 2020, opening the door to compensation claims.
Read more...PFS urges advisers to lobby MPs over soaring FSCS levy
- Tuesday, 11 February 2020
- Articles
The Personal Finance Society is urging its 40,000 members - hit by a double whammy of soaring Professional Indemnity premiums and escalating Financial Services Compensation Scheme levies - to lobby their local MP for change.
Read more...PIMFA urges FCA to reform 'unsustainable' FSCS levy
- Friday, 17 January 2020
- Articles
Wealth manager trade body PIMFA has branded the FSCS’s budgeted levy for 2020/21 of £635m as “totally unsustainable” and says the levy must be reformed.
Read more...FSCS levy to soar by £87m to £635m in 2020/21
- Thursday, 16 January 2020
- Articles
The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.
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