FSCS

The Serious Fraud Office (SFO) is now investigating the activities, control and ownership of Lifemark, and the activities of Keydata in marketing and selling products underpinned by bonds issued by Lifemark.

Former clients of defunct adviser firm Network Data have been invited to file for compensation after the FSCS today declared the network in default.

The FSA's immunity from civil action under conduct of business legislation is fuelling poor regulation and failure in the financial services industry, says an IFA support group.

A controversial interim levy to cover the collapses last year of Keydata and two stockbrokers will be applied to the investment intermediation sub-class despite widespread opposition, the FSCS has confirmed.

Mary Stewart goes through the top ten questions advisers should ask when choosing a SIPP provider

An IFA with client money caught up in the Keydata debacle has called on the FSCS to justify its proposed additional industry levy.

The Financial Services Compensation Scheme (FSCS) is rejecting some non-Isa claims linked to Keydata.

Adviser Alliance founder Alan Lakey says the £70m additional levy imposed on intermediaries for the failures of Keydata and two stockbrokers "goes against the spirit of the law" - but is confident the FSCS will re-think its decision.

Law firm Regulatory Legal says it has now raised enough funds to mount a judicial review into the FSCS's decision to impose a £70m additional levy on the investment intermediary subclass, following the collapse last year of Keydata and two stockbrokers....

Regulatory Legal says adviser inertia threatens to derail its campaign to mount a judicial review into the FSCS's decision to increase levies to meet the £70m costs of failed Keydata.