FSCS levy to cost financial advisers £175m

The FSCS levy is expected to cost advisers £175m for the 2019/20 financial year, a new report has revealed.

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754 Beaufort victims compensated as part of £50m FSCS payout

The Financial Services Compensation Scheme has compensated a further 754 clients of failed DFM firm Beaufort Securities, pushing the number so far paid out to 16,100.

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FSCS pays out £1.1m to former Active Wealth clients

The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.

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FSCS reveals £69m deficit will lead to levy

An extra £69m Financial Services Compensation Scheme (FSCS) bill will have to be footed by the retail pool as a result of pension transfer-related claims.

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