FSCS

An £11,000 FSCS bill to help cover the costs of claims against failed investment businesses including Keydata has forced one IFA to increase his hourly rate.

Firms in the FSCS's investment intermediation sub-class are likely to have to pay an interim levy of £93m in just 30 days, to cover the cost of claims against investment firms including Keydata.

The Approved Judgement from the judicial review into the FSCS's decision to levy investment advisers for the costs of Keydata claims has been published. IFAonline has a copy and here are 14 things you should know...

The FSCS was right to levy investment intermediaries for the collapse of Keydata, a High Court judge has ruled, dashing adviser hopes of a £32m refund.

The Financial Services Compensation Scheme (FSCS) has kicked off its £4m consumer awareness campaign with a plasticine man being decapitated by a bear. Discuss.

MP Mark Garnier has pledged to "pick up the baton and run with it" on the reintroduction of a 15 year long-stop for advisers, starting with lobbying the influential Treasury Select Committee (TSC) on which he sits.

The FSCS will reveal how much extra cash it needs from the industry to pay for failures including Keydata and Wills & Co by the end of the month.

The FSA has confirmed the new deposit compensation limit will increase from £50,000 to £85,000 per person to tie in with new European Economic Area (EEA) regulations.

Dozens of Norwich & Peterborough (N&P) customers who invested in failed firm Keydata say they were not given key features documents (KFDs) on the products until after they had parted with their money.

As the year draws to a close, we ask advisers for their best achievements of the past 12 months.