Liquidated British Steel firm costs FSCS £370,000 so far

Professional Adviser can reveal the lifeboat fund has paid out £80,000 for two claims, and is set to pay a further £290,000 to compensate for a further 11 that have now been completed, bringing the total to £370,000. So far, 33 claims have been closed. Of those, 11 are awaiting payment, and two have been paid. A further 13 were rejected by the compensation fund, while a final five ran into issues that resulted in their closure, such as a lack of evidence.    The costs are unlikely to end at £370,000. A further 157 claims are open, with 52 currently underway. Active Wealth UK entere...