Beaufort clients set to get back cash and assets

Clients of Beaufort Asset Clearing Services are set to get money and assets returned to them after a High Court ruling.

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FSCS ready for Active Wealth (UK) liquidation

The Financial Services Compensation Scheme has confirmed that it is preparing for the voluntary liquidation of Active Wealth (UK) Ltd, one of the nine advisory firms involved in British Steel Pension Scheme pension transfers.

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FSCS levy to rise £16m to £336m

The FSCS is planning to levy the industry £336m for the nine months to 31 March 2019, up from the £320m levy in 2017/18, which covered a 12 month period.

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FSCS to seek further £23.9m levy from advisers

The Financial Services Compensation Scheme (FSCS) is to ask financial advisers and providers to chip in an extra levy of £23.9m levy to help it cope with SIPP claims above predictions.

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