Greyfriars AM and Berkeley Burke declared in default
Glasgow-based IFA business and West Midlands wealth manager also named by the UK lifeboat service
FSCS
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UK lifeboat scheme to issue decisions on mini-bond claims
Only around 150 victims have been granted compensation so far
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Dozen UK firms in default during March 2020
Lifeboat scheme said clients could be able to get back money they have lost
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FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
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How can advice firms stay afloat during covid-19 pandemic?
Many were already under pressure and should trim budgets that are no longer appropriate
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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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PEOPLE MOVES: Quilter, Allianz Partners, Alliance Bernstein
UK-based firm restructures its national advice business, while insurer names APAC chief
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UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
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Another mini-bond firm collapses
Around 1,800 customers invested roughly £36m
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UK lifeboat scheme declares nine advisory firms in default
During February 2020 from all over the UK
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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 UK lifeboat scheme to court
Around only 1% of them have been awarded compensation so far