FSCS
UK financial advice firm fails
Lifeboat scheme has already received 34 claims related to pension transfers
UK investors received £584m in compensation in 2021-22
Lifeboat scheme paid out £114m to 9,000 mini-bond victims in six months
UK advice firm enters liquidation
Two months after receiving asset retention order from the regulator
FSCS investigating advice firm with Portugal links
Company advised on and arranged pension transfers into the Trafalgar Multi Asset Fund
Alarmed FSCS says bad advice responsible for 80% of claims
Tackling the problem can ‘sustainably reduce the levy over the long term’

