Compensation
Australia’s big banks pay out A$120m for bad advice
NAB splashed the most cash at A32.4m for cases which involved a record number of 81 financial advisers
Top UK firms to pay over 60% of compensation scheme levy
While majority of other companies will pay less than £50
Mini-bond investors received advice and can get compensation
UK lifeboat scheme investigation into London Capital & Finance showed misleading advisory practices
Eight firms declared bust by UK lifeboat scheme
FSCS satisfied companies are unable to pay claims paving way for clients to pursue compensation
FCA addresses market concerns over compensation hike
UK firms struggling to get PI insurance after limit raised to £350,000