Claimants can not accept a compensation ruling from the Financial Ombudsman Service (FOS) and later claim for more in the courts, a landmark Court of Appeal ruling has decided.
The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.
The Financial Services Compensation Scheme (FSCS) has paid out £3m in claims related to collapsed advisory firm Bentley-Leek Financial Management (BLFM), which had advised clients to invest in failed overseas property schemes that it was also in charge...
Advisers' contributions to the Financial Services Compensation Scheme (FCSC) may rise if a Financial Conduct Authority (FCA) proposal to widen the number of eligible claimants in the event of an investment failure is approved.
Financial advisers could wind up paying more towards the Financial Services Compensation Scheme (FSCS) unless it re-thinks proposals designed to reduce the volatility in the amount firms pay, the Association of Professional Financial Advisers (APFA) has...
The Financial Services Compensation Scheme (FSCS) is to compensate savers affected by the collapse of Birmingham-based credit union CommuniSave.
The Financial Services Compensation Scheme (FSCS) has declared a further 14 advisory businesses in default.