FSCS
Displaying items by tag: FSCS
Wednesday, 24 January 2018 14:23
AMPS criticises FSCS ruling on SIPP defaults
AMPS, which trade association which represents most UK SIPP providers, has written to the FSCS to question its statements on three SIPP providers recently declared in default by the scheme.
Published in
Articles
Tagged under
Friday, 19 January 2018 10:13
3 SIPP firms declared in default by FSCS
Three SIPP operators have been declared in default by the FSCS after 150 claims were received, the body announced today.
Published in
Articles
Friday, 05 January 2018 11:47
SIPP claims force FSCS to add £23.9m extra levy
SIPP compensation claims above predictions have forced the Financial Services Compensation Scheme (FSCS) to ask financial advisers and providers to chip in an extra levy of £23.9m.
Published in
Articles
Tagged under
Tuesday, 18 July 2017 10:05
3,600 pay outs for wrong 'risky' Sipp advice cost £105m
Nearly 3,600 consumers have been compensated for wrongly being advised to switch savings into ‘risky’ assets within SIPPs – at a cost of £105m.
Published in
Articles
Tagged under
Monday, 03 April 2017 14:44
AMPS wary of product levy to fund the FSCS
The Association of Member-Directed Pension Schemes (AMPS), the body representing SIPP operators and SSAS practitioners, has voiced concerns about introducing a product levy to fund the FSCS and says the role of advice in causing later claims needs to be studied.
Published in
Articles
Tagged under
Monday, 16 January 2017 11:58
Advisers get £36m extra FSCS bill for Sipps and £50m refund
Advisers categorised as pensions and life intermediaries face paying an extra £36m to the FSCS next year due to rising cost of Sipps.
Published in
Articles
Friday, 02 December 2016 12:08
Extra FSCS levy looms due to growing claims linked to Sipps
Advisers have been warned they face an extra FSCS levy next year as a result of rapidly growing claims related to Sipps.
Published in
Articles
Friday, 28 October 2016 12:49
Pension firms among 'failed' list declared in default
The Financial Services Compensation Scheme has revealed a list of another 25 failed finance firms this morning - including a number of pension businesses.
Published in
Articles
Tagged under
Wednesday, 13 July 2016 12:26
Sipp-related compensation payments rise by 31%
The average FSCS compensation payments for a Sipp-related claim increased by 31% in the last financial year.
Published in
Articles
Tagged under
Tuesday, 19 January 2016 11:25
Sipp-related advice complaints to remain at high level - FSCS
FSCS bosses said today they see no end to the high numbers of Sipp-related advice complaints next year.
Published in
Articles
Tagged under
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
James Hay
Lisa Webster
Mattioli Woods
Pension
pension freedoms
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity