PEOPLE MOVES: Investec, Phoenix Group, GAM
Investment bank names Jersey COO, while savings firm hires CEO for retirement arm
FSCS
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UK lifeboat scheme pays out over £5m to mini-bond victims
But process will take longer than expected as it recouped additional evidence
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UK Sipp firm goes bust
But eligibility over compensation may be decided in the High Court
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FSCS apologises over customer satisfaction survey error
After UK lifeboat scheme caused ‘confusion’ for mini-bond victims who thought it was a scam
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UK lifeboat scheme to reopen offshore property cases
And pay additional compensation to those who have received payments of less than £85,000
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FSCS levy costs ‘unacceptable’ but bound to rise
As FCA chairman takes aim at internet giants for ‘absurd’ practices that are driving costs up
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FSCS pays out £6m over offshore property assets
Financial advice firm linked to British Steel scandal was involved along with 18 others
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‘Significant shortfalls’ for investors of failed mini-bond firm
Company only had £906 in its bank account when it entered administration
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Investigation delayed into FCA handling of mini-bond scandal
Campaign group accuses watchdog of using ‘dirty tricks’
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Ease PI burden on advisers, PFS urges
It has also asked the UK taxman to consider ‘acting as reinsurer of last resort for cover’
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£100m hike in UK lifeboat scheme levy
Estimated £44m will be used just to compensate mini-bonds victims
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UK lifeboat scheme pays £2.3m to Ponzi victims
It aims to complete all claims by the end of July 2020