FCA more than doubles FOS award limit to £350,000

The FCA has today confirmed that the Financial Ombudsman Service will soon be able to require financial services firms to pay £200,000 more compensation to consumers and businesses.


FSCS refuses claims against failed £236m mini-bond firm

The Financial Services Compensation Scheme has said it will not accept claims over collapsed mini-bond firm London Capital & Finance (LCF).


UCIS man gets 6 months for contempt of court

The High Court has sentenced a man involved in four Unauthorised Collective Investment Schemes (UCIS) which lost investors £15m to six months in prison after he diverted assets which could have been used to repay investors.


Ex-Which? consumer champion joins FCA board 

John Glen MP, Economic Secretary to the Treasury, has appointed consumer champion Richard Lloyd to the FCA board among a number of board appointments announced today.

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