Displaying items by tag: FSCS
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.
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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.
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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.
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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.
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Wednesday, 29 July 2015 10:45
Sipp firm warns FSCS bill could rise
The increased FSCS levy could mean total regulatory costs for Sipp operators in the sector could rise by an additional 75% this year when compared with 2014.
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Thursday, 16 July 2015 12:21
Sipp-related compensation payouts jump 50%
Average compensation payouts for Sipp related claims increased by around 50%
to £16,375, the FSCS has revealed this morning.
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Tuesday, 28 April 2015 10:19
Sipp claims blamed for £100m levy on advisers
Sipp related claims have again been blamed as advisers brace themselves to be hit with a £100m bill.
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Thursday, 19 March 2015 10:08
Sipps related claims to blame as FSCS issues £20m interim levy
Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
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Wednesday, 18 February 2015 11:53
FSCS announces it will increase pay outs for Sipp transfer claims
The FSCS has announced it will begin to increase pay outs for Sipp transfer claims.
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Wednesday, 28 January 2015 11:49
Ombudsman upheld nearly six out of ten Sipp cases
Nearly six in ten complaints relating to Sipps made to the Financial Ombudsman Service between April and December last year were upheld.
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