FSCS

The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.

MISCALCULATION

A lottery winner who invested £250,000 in Arch Cru is facing substantial losses after her financial adviser went out of business, only to re-emerge as a new firm months later.

The Association of Professional Financial Advisers (APFA) is calling for more product manufacturer responsibility when marketing materials are relied on by investors and advisers.

IFAs will need to find an extra £28m to cover the cost of further levies for the Financial Services Compensation Scheme (FSCS).

The Financial Ombudsman Service (FOS) has revealed that it is awaiting a lead decision on investments in failed firm Keydata before it decides the fate of thousands of investors seeking redress.

The Financial Services Compensation Scheme (FSCS) may avoid picking up the whole bill for the suspended ARM Asset Backed Securities investment as the fund's board has found a buyer for the life-settlement policies in its portfolio.

The current Financial Services Compensation Scheme (FSCS) funding strategy is 'unsustainable' and poses a threat to both advisers and consumers, according to Tenet.

The Financial Services Compensation Scheme (FSCS) will accept customer claims for compensation against Rockingham Independent after declaring it in default - though it remains unsure whether it will process claims related to sales of bonds issued by ARM...

The Association of Independent Financial Advisers (AIFA) has come out strongly against plans to increase the Financial Services Compensation Scheme (FSCS) levy threshold.