The Financial Services Compensation Scheme (FSCS) has seen claims values against life and pension advisers rocket 138% in 2015/16, despite overall claims payouts falling 17%.
The FSCS, which is funded by the industry to compensate clients of failed regulated firms, paid out £83.8m in claims brought against pension advisers in the last year, up from £35.2m in the year before....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till