compensation

Compensation payments of £267m anticipated

One type of complaint sees a £10,000 rise

Will track the Bank of England’s base (average) rate +1%

Lifeboat fund says it is committed to pursuing best outcomes for customers

A revised scheme will apply from 1 November 2023

A total £115m has been paid out in compensation

Final date undisclosed

Price rose during the delay period

Advice fee drawn from client’s SIPP

Loss of £123,000