FSCS considers 150 tax advice claims after legal go-ahead

The organisation said it had been receiving claims in relation to advice to invest in 80 different tax schemes, including film partnerships and environmental plans, by 'authorised financial advisers'. It began receiving claims in 2013 and has now gathered about 150 claims involving advice given by about 50 departed advisers. The investments were made primarily through unregulated collective investment schemes (UCIS). The FCSC said it does not yet know the value of the individual claims, or what sparked the wave of claims. But it said most were submitted once investors failed to obt...