FSCS opens door to compensation claims on 12 failed firms

The Financial Services Compensation Scheme has declared 12 failed regulated firms in default during March and will now consider claims for compensation from clients.


Liberty SIPP goes into administration


Liberty SIPP Limited has entered administration, opening the door to FSCS compensation claims for hundreds of clients.


ABI estimates £900m in Covid-19 business payouts

The total cost of the Coronavirus outbreak to British insurers is likely to total £1.2bn, according to initial estimates by the insurers’ trade body the Association of British Insurers.


FSCS levy to soar by £87m to £635m in 2020/21

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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