Revealed: FSCS complaints cost each adviser 'obscene' £45k in six years

£1bn in complaints costs since 2010

Laura Miller
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Revealed: FSCS complaints cost each adviser 'obscene' £45k in six years

Complaints about bad advice over the last six years have cost the sector nearly £1bn - the equivalent of £45,000 for every adviser in the UK, an investigation by Professional Adviser can reveal.

Since 2010 the Financial Services Compensation Scheme (FSCS) - body of last resort for investors with complaints against firms that have ceased trading - has paid out £989m to deal with claims link...

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