FSCS
Dozen UK firms went bust between August and September 2021
Nine were financial advice, pension and insurance services providers
One in five retired Brits fell for a financial scam
As warnings from the regulator skyrocketed by 100% in one year
How does the UK lifeboat service forecast its levy?
Compensation costs, management expenses, recoveries and surpluses/deficits all part of process
Nine UK firms in default between June and July 2021
Eight of which provided financial advice, planning and insurance services
Appeal costs force LCF victims to drop FSCS legal challenge
Losing could have resulted in a £600,000 bill for bondholders