The Financial Services Compensation Scheme (FSCS) has overstepped its remit by accepting claims linked to self-invested personal pension (SIPP) providers based on due diligence failings and risks putting other operators out of business, a trade body has said.
The Association of Member-Directed Pension Schemes (AMPS) said the FSCS had made the wrong decision when it accepted claims related to three SIPP providers on the basis that they failed to carry out proper...
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