FSCS
United Kingdom | 19 Mar 15
FSCS lays down £20m levy
A surge in complaints about bad SIPP advice has led the Financial Services Compensation Scheme to lay down a £20m interim levy on life and pensions intermediaries.
SIPP holders can now claim full losses
UK consumers who suffered investment losses after being advised to transfer funds into a self-invested personal pension (SIPP) can now claim compensation for the value of their investment.
IFAs pay 52m for Keydata failings
Financial advisers have so far paid £52m in damages for recommending products from failed life settlement provider, Keydata Investment Services.
Retirement | 20 Jan 15
Pensions advisers FSCS levy skyrockets by 73
UK pensions advisers have been hit with a potential increase of £24m in their levy to the Financial Services Compensation Scheme (FSCS) for the next financial year.
Tax & Regulation | 19 Jan 15
FSCS proposes cut in running costs levy
The UKs financial regulators have proposed a £5.5m ($8.3m, 7.2m) decrease in the Financial Services Compensation Schemes (FSCS) running costs.