FSCS
PEOPLE MOVES: Prudential, AllianceBernstein, 7IM
Barry Stowe retires as chairman and chief executive of the Pru’s North American division
UK lifeboat scheme won’t cover expats using defunct FX firm
Pension payments, life savings and deposits for properties in Portugal and Spain in limbo
UK compensation scheme declares nine firms in default
Since 2001, more than 4.5 million people got £26bn in compensation
UK lifeboat scheme off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
Offshore Bonds | 19 Jul 18
UK compensation scheme battles death bond fund
The UK’s Financial Services Compensation Scheme (FSCS), which helps consumers when authorised financial services firms fail, is battling to recover money paid out to investors in a fund that went into liquidation but has since resumed making distributions.