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
FSCS
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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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Another British Steel advice firm fails
UK lifeboat scheme has already received six claims against it
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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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16 UK businesses went bust between October and November 2021
Most were financial advice, pension and insurance services providers
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FCA wants to make UK lifeboat scheme ‘fit for the future’
It is seeking views on the purpose, scope and funding of the FSCS compensation framework
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Over 1,000 claims against British Steel sent to FSCS
Total compensation now stands at around £30m
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Meyado Private Wealth Management UK in liquidation
Financial Services Compensation Scheme says people may be eligible to claim redress
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Three British Steel IFA firms go bust
Clients may be eligible for compensation
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Deja vu as advisers hit with £240m FSCS levy yet again
UK lifeboat scheme ‘expecting to see more complex claims related to pension advice’ in 2022/23
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Mini-bond victims to get up to 80% of original investment
‘We finally get to draw a line under this unfortunate experience and get on with our lives’
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Dozen UK firms went bust between August and September 2021
Nine were financial advice, pension and insurance services providers