The Financial Services Compensation Scheme (FSCS) has opened its claims service for customers of Verus Financial Services, as it investigates whether claims against the advice firm qualify for compensation.
In an update published on 15 October, the FSCS said customers who believe they have a potential compensation claim against Verus can now submit an application through its online claims service. However, claims will not immediately be passed to the scheme's claims processing teams for assessment while it investigates the firm and determines whether the qualifying conditions for compensation have been met. The FSCS said the investigation could take some time and that it was working closely with the Financial Conduct Authority (FCA). Verus, which has been Financial Conduct Authority-a...
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