Displaying items by tag: FSCS
FSCS reports rise in 'more complex' SIPP failures
The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, has warned it is seeing a rise in more complex SIPP claims after it paid out a total of £423m in compensation in its 2023/24 year.
SIPP claim results in failure of pension adviser firm
Two pension adviser firms have been declared as failed by the Financial Services Compensation Scheme with one being hit with a successful SIPP claim.
FSCS appoints PWC to handle claims service
The Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims handling to professional services giant PwC.
Regulators say working together improves SIPP outcomes
The UK’s financial regulators say working together has improved outcomes, particularly in relation to failings by SIPPs operators, the British Steel Pension Scheme scandal and the introduction of Consumer Duty.
Adviser hit by 463 claims is declared in default
The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.
FSCS declares 12 firms in default in 8 weeks
The Financial Services Compensation Scheme (FSCS) has declared 12 regulated firms in default in February and March including major SIPP provider Hartley Pensions.
FSCS declares Glasgow firm as failed over SIPP claims
The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based Atlantic Investors (Scotland) Ltd (FRN: 182565) as failed.
Midlands adviser firm fails with SIPP claims
Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.
Manchester-based pension transfer adviser fails
The Financial Services Compensation Scheme (FSCS) has declared Manchester-based Pension Advice Specialists Ltd (FRN: 792927) as failed.
FSCS declares three pension and SIPP firms in default
The Financial Services Compensation scheme has today declared three financial advice firms as failed, including two SIPP-related and one linked to BSPS.