5 firms fail in 1 week due to pension advice claims

The Financial Services Compensation Scheme has declared five pension advice firms as failed this week - four of them for pension transfer advice complaints.

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FSCS warns complex cases will push up costs

The Financial Services Compensation Scheme has warned that rising inflation and more complex cases are pushing up its costs.

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3 firms declared as failed by FSCS

Three financial firms, including a Financial Planning firm, have been declared as failed since the start of the year by the Financial Services Compensation Scheme.

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2 advice firms declared in default by FSCS

Two failed advice firms have been declared in default by the FSCS, opening the door to compensation claims.

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