FSCS

Displaying items by tag: FSCS

Tuesday, 30 April 2019 08:58

FSCS warns SIPP complaints are pushing up levy

A rising number of SIPP complaints is creating upward pressure on the Financial Services Compensation Scheme levy, the body has warned.

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Monday, 15 April 2019 11:23

FSCS reveals outgoing CEO Mark Neale’s replacement

The Financial Services Compensation Scheme (FSCS) has today revealed that former RBS and ABN AMRO executive, Caroline Rainbird, will become its next CEO.

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Friday, 01 February 2019 13:31

Aegon blasts ‘unfair’ £175m FSCS levy

A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.

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Wednesday, 23 January 2019 11:01

FSCS appoints 8 law firms to panel

The FSCS has appointed eight law firms to form its second legal panel, following what it called “a rigorous six-month procurement exercise.”

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Tuesday, 15 January 2019 15:40

FOS funding ‘will need to change’ FCA tells MPs

Charles Randell appears before the Treasury Committee

The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.

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Friday, 11 January 2019 11:50

FSCS pays out £1.1m to former Active Wealth clients

The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.

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Thursday, 29 November 2018 10:24

PIMFA calls for ‘urgent’ FSCS review over new 'pensions' levy

PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.

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Thursday, 25 October 2018 12:36

FSCS British Steel compensation tops £500k

The Financial Services Compensation Scheme (FSCS) is currently paying out £531,000 to those affected by the continuing fallout of the British Steel debacle.

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Friday, 21 September 2018 12:39

Advice firm CEO banned over SIPP advice failures

The FCA has imposed a reduced fine of £60,000 on Alistair Rae Burns and made an order banning him from performing any senior management function in financial services.

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