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GPC SIPP firm declared in default by FSCS

The Financial Services Compensation Scheme (FSCS) has declared 15 failed regulated firms in default during February 2020 including SIPP firm GPC.

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Law firm takes FSCS to court over LCF debacle

Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.

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FSCS levy up by £87m as SIPP claims soar

Soaring SIPP claims have forced the Financial Services Compensation Scheme to increase its levy for 2020/21 by £87m to £635m. 

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FSCS warns of £46m extra levy as 500 SIPP claims on the way

The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers in the coming due in part to rising pension and SIPP claims.

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FSCS receives 733 claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) has received 733 claims against Berkeley Burke Sipp Administration Limited (BBSAL).
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Expensive claims force SIPP firm into administration

Defending itself against a rising toll of claims has forced Berkeley Burke SIPP Administration Limited (BBSAL) into administration, with the book of business sold this week to Hartley Pensions Limited.
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FSCS opens door to claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) is now open to claims against Berkeley Burke SIPP Administration Limited (BBSAL).

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FSCS pays out £473m as SIPPs payouts rise

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.
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FSCS declares SIPPs firm in default

The Financial Services Compensation Scheme (FSCS) has today declared The Lifetime SIPP Company Limited in default.
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FSCS opens to claims against GPC SIPP

The Financial Services Compensation Scheme (FSCS) is now accepting claims against GPC SIPP Limited (GPC) which slumped into administration this week.
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