compensation

Pension campaigners have pointed out the extra money earmarked for the Financial Assistance Scheme in the Budget will only increase the total of the fund to £1.9bn, not the £8bn stated by Gordon Brown.

Gordon Brown has announced the government is to extend the budget of the Financial Assistance Scheme in an attempt to help all of the 125,000 workers who lost their pensions when their occupational schemes collapsed.

The Association of IFAs says the FSA's bid to overhaul the funding process for the Financial Services Compensation Scheme would be "the best outcome" for most advisers.

The government's response to the Public Administration Select Committee has been described as an "outrage" and "shameful" by an independent consultant.

The government has continued to deny accusations of maladministration in its response to a report by the Public Administration Select Committee.

The Government is employing ‘stalling' tactics over a legal challenge on its refusal to compensate pensioners.

Consumers who believe they may have been mis-sold by Berkeley Independent advisers may now be entitled to compensation through the Financial Services Compensation Scheme.

Split-cap investors who are entitled to receive mis-selling compensation from a specially-created fund are now likely to receive an additional 25% on their earlier payout.

Saga has joined the campaign to restore pensions for up to 125,000 workers who lost out when their companies collapsed.

The Department for Work and Pensions has defended the Financial Assistance Scheme as the best way to compensate those who have lost their pensions.