FSCS
uncategorised
SIPP provider James Hay has entered into a war of words with Rowanmoor over the FSCS levy and whether it should be passed to clients.
03 March 2011
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Your profession
The FSCS has declared Welcome Financial Services (WFS), the loan advice firm, in default after it admitted it could not pay compensation claims linked to payment protection insurance (PPI) sales.
02 March 2011
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1 min read
uncategorised
Rowanmoor Pensions has confirmed it will not pass on its FSCS levy to consumers.
01 March 2011
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Your profession
The FSCS has defended its £4m consumer advertising campaign by comparing it to the £1.6bn it says the financial services sector spends annually on advertising.
01 March 2011
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2 min read
uncategorised
Tim Sargisson, the managing director of James Hay Partnership, has defended the provider's decision to tell clients the FSCS levy may be passed to them.
22 February 2011
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uncategorised
SIPP provider James Hay Partnership has written to clients saying it reserves the right to pass on the cost of the FSCS levy to them.
18 February 2011
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Regulation
A total of 678 signatures have been collected for a petition to the FSA and the Treasury calling for a review of the funding of the FSCS.
17 February 2011
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Regulation
Fraudsters claiming to be from the FSCS are cold-calling consumers to tell them they are in line for compensation.
14 February 2011
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PMI
The Association of Medical Insurance Intermediaries (AMII) has branded the proposed 57% increase in 2011's Financial Services Compensation Scheme (FSCS) levy as "unfair, excessive and totally inappropriate."
10 February 2011
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Your profession
The Investment Management Association (IMA) is considering bringing a judicial review of the FSCS interim levy on behalf of its members, in the same week IFAs have erupted in open revolt over the issue.
04 February 2011
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