FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
Compensation
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Victims crowdfund to sue lifeboat scheme
After FSCS concluded just 1% of LCF bondholders are eligible for compensation so far
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Another mini-bond firm collapses
Around 1,800 customers invested roughly £36m
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Insurer sets aside £229m for DB pension legacy cases
Firm says it ‘will ensure that no affected customers are financially disadvantaged’
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Sipp provider breached duty of care
After it accepted investments from risky Ethical Forestry, says ombudsman
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Mini-bond victims take legal action against lifeboat scheme
But FSCS denies wrongdoing, stating it has sought legal advice on the ‘complex and sensitive case’
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Compensation paid to first group of mini-bond victims
As UK lifeboat scheme cashes out £2.7m to cover those caught up in the mis-selling scandal
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Mini-bond victims targeted by scammers
As Financial Services Compensation Scheme urges them to be cautious
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Wells Fargo to pay $79m in settlement to advisers
After class action alleged he had been cheated out deferred compensation Written by Bruce Kelly
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Sipp complaints drive up FSCS levy
Lifeboat scheme to raise £87m more in 2020/21
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Land banking victims to get some of their money back
While UK Insolvency Service warns about fraudsters impersonating its members of staff
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Just 1% of mini-bonds victims to be compensated
Action group says it’s ‘bad news’ but it will use the decision as strong political leverage