Defunct DFM clients targeted by scammers
Clients approached by individuals claiming to represent PwC and The Share Centre
FSCS
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UK compensation scheme warns of potential scam
Phishing emails are luring people to part with personal information to claim large sums of money
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IFAs hit with £175m compensation scheme bill
Sipp complaints drive adviser levies up £45m, rise slammed as ‘unacceptable and not sustainable’
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Lifeboat scheme U-turn over British Steel mis-selling scandal
FSCS offers additional compensation to those ‘let down’ by Active Wealth
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Cost of bad pension transfer advice doubles in two years
Exclusive data from the FSCS shows £40m was paid in 2018, up from £20m in 2016
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PEOPLE MOVES: Prudential, AllianceBernstein, 7IM
Barry Stowe retires as chairman and chief executive of the Pru’s North American division
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UK lifeboat scheme won’t cover expats using defunct FX firm
Pension payments, life savings and deposits for properties in Portugal and Spain in limbo
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UK compensation scheme declares nine firms in default
Since 2001, more than 4.5 million people got £26bn in compensation
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UK lifeboat scheme off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
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UK compensation scheme battles death bond fund
The UK’s Financial Services Compensation Scheme (FSCS), which helps consumers when authorised financial services firms fail, is battling to recover money paid out to investors in a fund that went into liquidation but has since resumed making distributions.
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UK compensation scheme declares 3 advice firms in default
Clients of three failed financial advice firms can now get their money back after the UK’s Financial Servies Compensation Scheme (FSCS) declared them in default.
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Sipp complaints help push UK compensation to £405m
Customers of failed financial services firms received £405m (€458m, $530m) in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.