FSCS

Two IFA businesses acquired by listed IFA AFH Financial in 2012 have featured on the Financial Services Compensation Scheme's (FSCS) latest list of defaulted firms.

Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014-2015 after it cut its bill by £37m, but investment advisers face another hike in costs.

The Financial Services Compensation Scheme (FSCS) has made top-up payments to Keydata investors after it recovered money from the underlying bond Lifemark's trustees.

An advisory firm which attempted to spearhead an IFA-led judicial review into the fairness of an Arch Cru compensation offer has been declared in default.

The Financial Services Compensation Scheme's (FSCS) pursuit of IFAs who it alleges mis-sold Keydata products has been delayed after the scheme reached settlement deals with some of the firms' professional indemnity (PI) insurers.

The Financial Services Compensation Scheme (FSCS) has said its investigation into the viability of investor claims against major Harlequin distributor TailorMade Independent is ongoing.

The Financial Services Compensation Scheme (FSCS) will start inviting claims against Catalyst Investment group from investors in the ARM Asset Backed Securities life settlements fund by the end of March.

The Financial Conduct Authority (FCA) has banned a former adviser to SLS Capital - the company whose bonds underpinned the failed Keydata investments - for giving the misleading impression that the SLS bonds were soundly backed assets.

The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.

St James's Place's (SJP) distribution business tumbled into the red last year, which the firm said was due to the cost of hiring more advisers, and a £5.5m Financial Services Compensation Scheme (FSCS) levy.