FSCS
Displaying items by tag: FSCS
Tuesday, 15 January 2019 15:40
FOS funding ‘will need to change’ FCA tells MPs
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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Tuesday, 21 August 2018 14:30
FCA says regulating ‘ambulance chasers’ to cost around £17m
The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.
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Wednesday, 23 May 2018 14:30
FSCS: ‘We’re not here to punish defaulting firms’
The FSCS has defended itself against suggestions it takes a punitive, enforcement approach against those firms deemed in default.
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Thursday, 10 May 2018 11:28
PFS proposes Government levy solution to FSCS funding
The Personal Finance Society wants the Government to impose a ‘seven basis points’ levy on funds under management per year as a solution to FSCS funding problems.
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Tuesday, 17 April 2018 16:28
FSCS opens door to first BSPS compensation cases
The Financial Services Compensation Scheme has listed 11 failed advice firms it declared in default in March in a move which will mean some British Steel Pension Transfer clients being compensated.
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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.
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