45 UK firms declared in default in last six months
One company was reportedly involved in British Steel Pension Scheme scandal
Compensation
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Pimfa calls for supervision of unregulated financial promotions
Trade body argues it would improve market and reduce burden on lifeboat scheme
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UK regulator rejects compensation cap criticism
Proposed changes to Complaints Scheme prompted industry and consumer backlash
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FCA complaints scheme changes ‘unfair, immoral and illegal’
As trio of UK regulators seek to cap redress for financial loss at £10,000
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Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
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Sipp firm hit with over 1,000 compensation claims
Months after its business was sold by joint administrators
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20 fraud victims demand compensation from wealth firm
Rogue adviser stole £4.5m to spend on prostitutes, gambling and luxury holidays
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FCA under fire over ‘scandalous’ self-review
Watchdog’s compensation proposals are ‘intellectually dishonest and morally questionable’
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IFA company goes into liquidation
It also served as an Isa manager
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Small victory for mini-bond victims
As UK court greenlights legal action against lifeboat scheme
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Compensation hits £20m for mini-bond victims
But assessment process likely to go on until the end of 2020
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£13.5m in compensation paid to mini-bond victims
UK lifeboat scheme has issued 844 decisions, but there are lots more to go