FSCS

The Financial Services Compensation Scheme (FSCS) has begun the process of dealing with claims from clients of failed spreadbetting firm Worldspreads.

The Association of Independent Financial Advisers (AIFA) has appointed Clare Griffiths from the Financial Services Compensation Scheme as its new senior policy adviser.

The Ministry of Justice is to take action against unscrupulous claims management companies (CMCs) who target IFA firms, following a meeting between the regulator and support service PanaceaIFA.

The rise in costs in the Financial Services Authority's (FSA's) latest invoice could encourage firms to manipulate figures to achieve a lower bill, an adviser has warned.

Bank of Cyprus is set to join the Financial Services Compensation Scheme (FSCS) to protect 50,000 British savers from its exposure to Greece.

The pick of this week's articles on IFAonline.co.uk...

The Financial Services Authority (FSA) is telling banks, building societies and credit unions to publicise more prominently the guarantee schemes which apply to their customers' deposits.

An "explosion" in regulatory costs is becoming a "huge problem" for networks and national advisory businesses, according to a director at Lighthouse Group.

The boss of a group of bio-fuel investment firms shut down by the Serious Fraud Office (SFO) has hit out at the administrators of the businesses for their conduct and activities.

The FSA has said it is "very conscious" of the strength of feeling from financial advisers regarding the Financial Services Compensation Scheme (FCSC) levy in a written response to a recent petition from the FSCS Action Group.