FSCS
Advice firm under investigation over pension transfers
It failed to pay compensation as ordered by the Financial Ombudsman Service
FSCS cap saw investors lose £1bn in compensation
Pension advice claims made up almost half of the total
UK lifeboat scheme cuts 2022/23 levy to £625m
But compensation payouts expected to be greater than last year
Investment research ‘time consuming’ and ‘too complicated, say Brits
But FCA tells consumers to make sure they ‘do their homework’