The FSCS is to close its compensation scheme for victims of the failed £237m mini-bond provider London Capital & Finance (LCF).

Better Retirement Group Ltd, a pension adviser which has used nearly 40 trading names including SIPP Club, has today been placed under investigation by the Financial Services Compensation Scheme.

Two advice firms have been declared failed by the Financial Services Compensation Scheme this week, including a Financial Planning firm which has 25 pension transfer claims against it, including BSPS cases.

The FSCS has received nearly 3,000 claims against 116 advice firms involved in recommending pension products from failed SIPP firm Rowanmoor.

Major SIPP and SSAS firm Rowanmoor Personal Pensions Limited (RPPL) has gone into administration.

Pensions broker Daniel Stewart & Company plc has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door for investors to claim compensation.

The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.

The FSCS has joined forces with the FCA and Financial Ombudsman Service to investigate a Telford-based pension transfer adviser with links to a Portuguese expat specialist company.

The Financial Services Compensation scheme is investigating Wellington Court Financial Services Ltd over the transfer of client pensions into a SIPP.

The Financial Services Compensation Scheme (FSCS) has called for the £85,000 compensation limit to be reviewed for pension claims.