Ombudsman urges firms to settle claims quickly
It secured £22m in redress for consumers as part of initiative to tackle Covid backlog
Compensation
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Complaint deadline looms for British Steel victims
Regulator says come forward or miss out on compensation
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£71.2m plan to compensate British Steel Pension Scheme victims
343 advice firms will need to fork out a combined £9m to assess transfer suitability
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Financial Ombudsman Service increases compensation limit
As it adjusts awards in line with inflation
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Momentum Pensions clients still in dark over compensation
But firm says they will be given a ‘full and transparent breakdown’
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FCA slammed over handling of mini-bond compensation
Including criticism of its complaints scheme under which redress ‘will never be available’
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Regulatory reprimand for firms seeking to skirt liabilities
FCA particularly concerned about schemes involving consumer redress
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UK lifeboat scheme proposes £5m increase to 2022/23 budget
Due to rise in complex claims which will require additional time, resource and skilled expertise to process
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Forthplus clients urged to make claims against IFAs
Defunct Czech firm which gave advice on pension transfers into the company’s Sipp also in the firing line
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Failed mini-bond firm redress pot hits £91m
Just over 84% of eligible bondholders have been given compensation
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Extra £25m for unauthorised car park scheme investors
On top of the £33m from the sale of a site near Luton airport
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No ‘sufficient evidence’ for British Steel victim redress scheme
Amid concerns reparations could have a ‘significant impact’ for markets and pension freedoms