The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).
Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.
The Association of Professional Financial Advisers (APFA) has welcomed news that the Financial Services Compensation Scheme (FSCS) plans to cut its costs levy on the industry by £5m.
Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.
The Association of Professional Financial Advisers (APFA) has called on the Financial Services Compensation Service (FSCS) to reach a broad settlement in its action against advisers who sold Keydata investments, saying small advice firms can not afford...
Regulators have proposed levying the industry £74.4m to pay for the day-to-day running of the Financial Services Compensation Scheme (FSCS) up until next March, a 6% fall on last year's levy.
Guardian SIPP is suing investors with pension money tied up in troubled property investment Harlequin for non-payment of the fees related to their self-invested personal pension (SIPP).
Three IFAs are taking their case to the Court of Appeal in a bid to overturn a High Court ruling backing a Financial Ombudsman (FOS) decision that they should pay clients compensation for advice to invest in failed firm Keydata.
The Financial Conduct Authority (FCA) has cancelled an advice firm's permissions after it failed to submit regulatory returns.
The problem with vertical integration