FSCS is key booster of trust in financial services - survey

A trusted compensation scheme boosts consumer confidence in financial services and contributes to financial stability, according to new research.

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TV-ad firm which 'unlocked' £83m in pensions fails

A major pensions 'unlocking' firm which used TV advertising - Kings (FRN 197285) - has been declared as failed by the Financial Services Compensation Scheme.

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FOS to raise maximum award to £415,000

 

The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April.

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FSCS declares 13 firms in default

The government-backed Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.

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