FSCS to review claims process after appeals court advice ruling

The FSCS said it had done nothing wrong in handling a claim brought forward by Charmaine Emptage, a consumer who lost money in a foreign property deal advised by Berkeley Independent Advisers mortgage broker, Peter Sharratt. But the scheme said it would not challenge the decision by the appeals court that it did not compensate Emptage sufficiently. The FSCS did make an offer of compensation, but it did not include losses from the failure of the Spanish investment because it does not protect investments in property. However, Lord Justice Moore Bick, in the Court of Appeal, said the ...