Phoenixing cases referred to FCA total 136

FSCS referred 19

Hannah Godfrey
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More than 130 potential cases of phoenixing have been referred to the FCA.
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More than 130 potential cases of phoenixing have been referred to the FCA.

A total of 136 potential phoenixing cases have been referred to the Financial Conduct Authority (FCA) since regulatory bodies came together to work to stamp out the practice.

In the Financial Services Compensation Scheme's (FSCS) 2020/21 plan and budget, chief executive Caroline Rainbird revealed the FSCS's claim handlers picked up 19 potential cases of phoenixing, which it...

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