The Financial Services Compensation Scheme (FSCS) has paid out more than £880,000 to clients who lost money following the collapse of overseas property schemes advised on by former IFA Bentley-Leek.
The Financial Services Compensation Scheme (FSCS) has paid out more than £4.5bn compensating almost 230,000 customers of collapsed Icelandic bank Icesave, it has revealed.
IFA Willow Financial has been forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but has been bought back by some of its former partners at a knock-down price, and they won't be footing the bill for claims.
Advisers' contributions to the Financial Services Compensation Scheme (FCSC) may rise if a Financial Conduct Authority (FCA) proposal to widen the number of eligible claimants in the event of an investment failure is approved.
The Association of Professional Financial Advisers (APFA) has written to the regulator to ask for a period of regulatory certainty to allow advisory firms to adapt fully to the Retail Distribution Review (RDR).
Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments, is entering liquidation because it can't finance redress payments to clients....
The Financial Services Compensation Scheme (FSCS) is in discussions with major financial services firms to display its logo in their TV adverts as part of its awareness campaign.
The Financial Services Compensation Scheme (FSCS) will this week begin making extra payments to Lifemark investors whose claims exceeded the maximum compensation limit.